China: Increase in the Monthly Minimum Wage to Counter the Economic Slowdown China is gradually revising the minimum monthly wage, but not all at once for the entire nation. Each province and municipality set its minimum wage based on its local economic needs. Recently, the Shanghai Municipal Bureau of Human Resource & Social Security has…
After an acquisition, Aclara Technologies had to onboard over 200 employees in Chile, India, Japan, Spain and the UK in an aggressive timeline. Faced with payroll, HR, legal entity setup challenges in Chile, India, Japan, Spain, and the UK, they turned to Global Upside.
Australia Introduces Single Touch Payroll The Australian government introduces a real-time reporting system to streamline the reporting of tax and superannuation by employers. The government initiated the process when it passed the Budget Savings – Omnibus Bill – September 2016. Under the proposed legislation, a new electronic reporting framework will be incorporated to simplify the…
Malaysia: New Companies Bill Aims to Simplify Corporate Governance, Increases Liabilities of Directors Malaysian parliament, the Dewan Rakyat, passed the new Companies Bill earlier this year. The bill will replace the 50-year-old Companies Act of 1965 and is expected to come in force by end of 2016. Here are the five key changes proposed in the Companies Bill: Incorporation gets…
Hiring Overseas? Know your Options Hiring new employees overseas can be daunting, especially when you need to do it fast and in not so easy locations. It’s not a straightforward process, but there are considerations and resources that can help. Get practical advice on hiring options and related payroll, benefits and employment law issues in…
Seminar: Global Expansion Strategy Join us for a seminar on “Global Expansion – Getting it Right” to learn real-world insights, examples, and practical tips for companies going global including: Steps companies should take to ensure they are truly prepared to expand Creating the optimal legal structure Tax and compliance issues that often sidetrack expanding companies Countries that…
India: Double Taxation Relief for Companies, New Minimum Wage for Contract Workers In a relief to companies and individuals having overseas income, the Central Board of Direct Taxes (CBDT) drafted a set of new rules to simplify the use of Foreign Tax Credits (FTC). The proposed framework will allow companies and individuals to claim credits on…
Payroll/HR Alert: China Lowers Social Security Contribution Rates Beginning May 2016, corporations doing business in China can lower their contribution to Pension Insurance, Unemployment Insurance and Housing Provident Funds. The new policy, announced by the China’s Ministry of Human Resources and Social Security, aims to relieve corporate burden and increase employee cash income. According to…
The 2016 UK Budget: Impact on HR and Payroll UK’s 2016 budget has several guidelines and measures that may impact your UK payroll. Below are some of the main highlights. Income Tax Thresholds. In April 2017, tax-free personal allowance will increase to £11,500 (a £300 increase). The point at which higher earners will start to pay…
Global Expansion Strategy Thursday, June 9, 2016 6:00 pm – 9:00 PM PST Runway Incubator 1355 Market Street Suite 488 San Francisco, CA 94103 Post-Webinar Q&A Cost: Early Bird until June 2, 2016: $10 Members, $15 Non-Members Regular: $20 Members, $25 Non-Members Day of the Event: $35 We may communicate with you regarding this event…
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