Lebanon – Sickness and Maternity Contributions Set To Raise

Contributions will be raised to LBP 18,000,000 from the existing limit of LBP 5,600,000.

Sep 18, 2023 1 min read

Singapore – Central Provident Fund Ceiling Changes

Effective from 1 September 2023, the Central Provident Fund Board has amended the additional income ceiling for monthly mandatory contributions. CPF Ordinary Wage (OW) ceiling limits, the amount of OW that attract CPF contributions in a calendar month, has been ...

Sep 12, 2023 1 min read

Kenya – 2023 Statutory Changes

Effective from 28 July 2023, the Kenyan Government has lifted the suspension barring the implementation of the 2023 Finance Act. The Finance Act of 2023 proposed the below changes to take effect from the 1st of July 2023: Exemption of travel allowance from Pers...

Aug 15, 2023 2 min read

Oman Announces New Labor Law

Effective from 25 July 2023, the Omani government through Royal Decree No. 53/2023 issued the New Labor Law which replaces the Old Labor law issued through Royal Decree No. 35/2003. Please find the previous and new law comparison in the below table: [table id...

Aug 11, 2023 1 min read

New Salary capping limit for payment of Social and Health Insurance (SHI) in Vietnam

Effective from 1 July 2023, the Ho Chi Minh City Social Insurance authority with Notice no. 2651/TB-BHXH dated 7 Juy 2023 increased the ceiling amount of salary for payment of compulsory social insurance, occupational accident and disease insurance, and health insu...

Jul 31, 2023 1 min read

Australia announces amendments to the Superannuation fund rate

Effective from 1 July 2023, the government of Australia has increased the Superannuation Guarantee rate from 10.50% to 11%. Employers in Australia are mandated to contribute 11% of their employees’ “Ordinary Time Earnings” into their super account at least 4 tim...

Jul 27, 2023 1 min read

Bangladesh Income Tax Law Amendment

Effective from 1 July 2023, the government of Bangladesh has announced amendments to Income Tax law as per below: Amendment of Tax-exempted amounts Amendment of Tax brackets Amendment of previously tax-free earnings The below e...

Jul 26, 2023 1 min read

Pakistan Announces New Income Tax Brackets and Rates

Effective from 1 July 2023, the government of Pakistan has announced new Income tax brackets and rates, as summarized below, along with the previous tax year rates: The amended rates will apply to all wages and salaries earned after 1 July 202...

Jul 7, 2023 1 min read

Turkey Announces 2023 Payroll Parameters

Effective from 1 July 2023, the government of Turkey has increased the Social Security Minimum Wage Amount to 13,414.50 TRY Gross and 11,402.32 TRY Net. The monthly SSI Ceiling Amount has increased to a gross amount of 100,608.90 TRY. Please find the previous an...

Jul 4, 2023 1 min read

Egypt Income Tax Law Amendment

Stay informed about the recent amendment to Egypt's income tax law. Discover the significant changes, their impact on individuals and businesses, and how to navigate the updated regulations effectively.

Jun 26, 2023 1 min read

Lebanon Revises Cost of Living Allowance Limits

The government of Lebanon has increased the limit of cost of living allowance to LBP 6,400,000

Jun 1, 2023 1 min read

Turkey Introduces New Social Security Law Number

Turkey has introduced the procedures and principles of the 5-point SSI premium incentive for employees who have opted for early retirement within the scope of Emeklilikte yaşa takılanlar (EYT).

May 22, 2023 1 min read