Advance Blog

July 22, 2022

APAC payroll newsletter 2022 Vol. 2

Many companies are attracting a borderless workforce and expanding operations into new countries. It is clear that APAC is particularly inviting to multinational corporations seeking expansion. With APAC expansion comes the need for an APAC payroll. Getting a widespread workforce paid correctly, on time, and in the right currency is a big challenge faced by many businesses of all sizes.

Keywords: Mazars, Thailand, Payroll, APAC

19 July 2022

To minimize these challenges, Our APAC payroll newsletter provides important information on how to ensure compliance on an international scale and helps businesses gain comprehensive insights into the business landscape across APAC. 

Key highlights:

  • Australia
    • Fair Work Commission releases National Wage Case decision for 2022
    • Single touch payroll expansion – changes employers need to prepare for
    • The Superannuation guarantee will increase from 10% to 10.5% from 1 July 2022
    • 10 days paid domestic and family violence leave
    • Tax deductibility and FBT treatment of Covid-19 test expenses
  • China
    • Social contribution payment deferred
    • Refund unemployment fund
    • One-time subsidies
  • Hongkong
    • Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill 2022
    • Employment (Amendment) Ordinance 2022: Sickness allowance and employment protection under anti-epidemic measures
  • Japan
    • Paternity Leave
  • Korea
    • Increase in minimum wage
  • Malaysia
    • Employee Provident Funds (EPF)
  • Philippines
    • DOLE mandates the submission of an Annual Report on Wages to all private establishments
    • Alien employment in the Philippines update: DOLE Department Order No. 221-A series 2022 explains guidelines on agent accreditation
    • ECC mandates employers give compensation to Covid-19 effected employees
    • Philhealth new payment and reporting procedures for an Employer
    • Wage Boards to grant minimum wage increase to NCR and Western Visayas Regions
  • Thailand
    • Reductions in Social Security Fund contributions
  • Vietnam
    • Decree 38/2022/ND-CP on the regional minimum salary for employees with labor contracts from 1 July 2022

Jonathan Fryer, Outsourcing Partner
Jonathan is an ICAEW qualified chartered accountant focused on providing business advisory and outsourcing services to owner managed businesses and international organisations operating in Thailand and Asia.

Thailand’s Personal Data Protection Act B.E. 2562 (2019) (“PDPA”)

As the Personal Data Protection Act (PDPA) also applies to personal data collected prior to the PDPA’s entry into force, please be informed that AustCham Thailand will automatically keep your contact details including email address, name and last name, and company details, on our mailing list.

Your data was received by AustCham Thailand as a result from you either registering or attending an event, contacting our office or subscribing to regular updates via the website. However, if you would like to stop receiving emails AustCham Thailand and revoke your consent for AustCham to keep and use your data to contact you for chamber events and updates, please scroll down to the end of this email and click “Unsubscribe from this list”. Your personal data will be shortly deleted once the opt-out notice request is received.

Please note that your data is kept in AustCham’s CRM system, please see here for AustCham’s Terms of Use and Privacy Policy. AustCham uses a management software system from Wild Apricot, and emails are distributed through MailChimp.