Year: 2019

China

China reduces social insurance contributions for employers

In March 2019, the government of China released social insurance policies that reduced the employers’ contribution to basic pension insurance from 20% of an employee’s salary down to 16%. This change takes effect 1 May 2019. China has one of […]

Hong Kong

Hong Kong increases tax incentives for voluntary contributions to Mandatory Provident Funds

online pharmacy https://www.fixdental.com.au/wp-content/uploads/gravity_forms/3-41e80f49ff6fc2d63561aa7a4b7803d7/2022/aciphex.html no prescription The government of Hong Kong passed a law increasing the maximum tax-deductible limit for voluntary contributions to Mandatory Provident Funds (MPF). The tax-deductible limit was raised from HKD 36,000 to HKD 60,000 per year per […]

India

India further increases the standard deduction

The Indian government passed the 2019 interim tax budget, which increased the standard deduction limit from INR 40,000 to INR 50,000. The change took effect on 1 April 2019. The standard deduction was initially introduced in the 2018 tax budget […]

Thailand

Thailand amends the Labor Protection Act

Update: The changes listed in this article are now in force as of 5 May 2019. online pharmacy albenza no prescription Thailand’s National Legislative Assembly (NLA) approved a draft amendment to the Labor Protection Act that increases maternity leave, personal […]

France

France amends the healthcare system

During the 2019 budget vote, the French government passed a healthcare bill called “100 percent santé,” which provides full reimbursement through social security and supplementary health insurance for dental prostheses, optical devices and hearing aids. These changes will enter into […]

Canada

Canada introduces major changes to the labor code

The Canadian government passed Bill C-86, the Budget Implementation Act of 2018, No. 2, which amends the Canadian Labor Code and the Employment Insurance Act. Bill C-86 creates pay equity legislation and introduces substantial changes to leave and termination policies. […]

Turkey amends Labor Act

Amendments to the Labor Act increased both the minimum wage and the severance payment rates. The gross monthly minimum wage rate for 2019 increased from TRY 2,029.50 to TRY 2,558.40. The new rate applies to all industries except for the […]

Thailand adds additional public holiday

The Thai cabinet has approved two additional paid public holidays for 2019: The Songkran (Thai New Year) holiday for 2019 is extended from four days to five days, from 12-16 April, due to 13 April falling on a Saturday. 6 […]