Argentina has updated the thresholds for the Transfer Pricing (Local File) and the Master Report (Master File). The transfer pricing policy has been simplified with updated thresholds for the Master Report, and new thresholds have been established for Transfer Pricing submissions.
Several regulatory updates have been made in Australia throughout the last few months. It is imperative that employers stay up to date with these policy changes, in order to avoid compliance regulations.
The Czech Republic has introduced several changes in insurance, UBO, and reporting policies for the year of 2021. As of January 1st, 2021, the income base amount for health insurance contributions has been raised by CZK 500. The threshold for health insurance participation which had been previously set at CZK 3,000 is now at CZK 3,500.
Several measures for COVID-19 business credits and other USA labor law updates are being implemented state-wide.