Effective 1 January 2019, new provisions have been introduced to regulate employment contracts for specific, non-permanent work or services. Employees under this type of employment contract will have the following rights: 15 days of paid annual leave when the work […]
Effective 1 January 2019, the Bahrain government passed a new Value Added Tax (VAT) law under Royal Decree No. 48 of 2018. This introduced a VAT at a 5 percent standard rate on goods and services that are not exempt […]
On 1 April 2017, the Maternity Benefit (Amendment) Act, 2017 took effect, increasing paid maternity leave from 12 weeks to 26 weeks for companies with at least 10 employees. The act also required employers with 50 or more employees to […]
After a bull run that lasted 10 years, 2018 has seen most world equity markets finish with negative returns (expressed in Canadian dollars, except for the US market). However, global bonds and some alternative investments, such as global infrastructure and […]
The Australian government passed legislation that aims to make private health insurance easier to understand and more affordable for consumers. The Private Health Insurance Legislation Amendment Act 2018 (the Act) received royal assent on 21 September 2018, and was followed […]
Foreign workers employed in Vietnam for one year or more and for at least 15 days per month are subject to compulsory participation in social security effective 1 December 2018. Previously, employers were not required to enroll foreign employees. Employers […]
Minimum contribution rates to occupational pension plans that are used to satisfy auto-enrollment requirements are set to increase on 6 April 2019. The minimum employer contribution will increase to 3 percent and the total minimum pension contribution will increase to […]
Effective 1 January 2019, new general and professional minimum wages apply to the various geographical regions of Mexico, as follows: The Northern Border’s Free Zone minimum wage will be MXN 176.72 per daily work shift. This zone includes (i) Baja […]
Beginning 1 January 2019, a new law increases the long-term disability payment period from 52 weeks to 78 weeks over a two-year period. The employer is responsible for paying the employee through the end of the month in which the […]
The Chilean government is currently debating the introduction of employer contributions to the social security pension system. Currently, only employees contribute to the retirement and healthcare systems in Chile. The government is proposing the introduction of a 4 percent employer contribution rate […]