Month: March 2022

Bahrain increases value-added tax

The Kingdom of Bahrain recently introduced a new law increasing the value-added tax (VAT) on goods and services from 5% to 10%. The new VAT rate entered into effect on 1 January 2022, with a one-year transition period. Background VAT […]

Germany to increase statutory minimum wage for 2022

The German government recently increased the statutory minimum wage from EUR 9.60 per hour to EUR 9.82 per hour on 1 January 2022. Two additional increases will occur in 2022: From the current EUR 9.82 per hour to EUR 10.45 […]