AN OVERVIEW OF APAC PAYROLL

With youthful populations, rapidly expanding economies and a very attractive cost base, more businesses are seeing operations expand in to the APAC region. Whichever one of these dynamic economies you decide to enter, payroll requirements must be one of the core business responsibilities that must be planned for. Whilst withholding obligations are minimal in some countries these are replaces by strict reporting requirements. Getting this wrong will cost the business much in terms of time, reputational risk, and financial penalties. Some knowledge of the rules is essential to allow for effective management of an outsource provider. Our course provides an overview of the payroll obligations in five key jurisdictions.

Course content

India
• TDS Scheme
• PAN and Tan numbers
• Tax rates for men and women
• Calculation of TDS
• Anonymous persons procedure
• Mid Year changes
• Perquisites
• Deductions from taxable income
• Form 24Q
• Year End – forms 27A, 16 and 12BA
• UK/India – use of Double Taxation Agreement for short term visitors
• Employee provident Fund
• EPFO reporting. payment obligations
• Alternatives to EPF
• India Payment of Wages Act

China
• State Administration of taxation set up
• Website and English Forms ORMS
• Residency rules for visiting expats
• Individual Income Tax withholding obligation
• Calculating monthly taxable income
• Using quick deductions
• Tax concessions for expats
• Tax treatment of annual bonuses
• IIT monthly returns and payments
• Social insurance organisation
• Pension insurance
• Medical insurance
• Paid sick leave
• Work related injury insurance
• Unemployment insurance
• Maternity insurance
• Insurance administration and reporting
• Earnings ceilings application
• Foreigners liability for social insurance
• Housing Fund contributions
• Disabled Workers Employment Assistance Fund
• Employment Law
• Working Time
• Paid Holidays
• Termination & Severance

Japan
• National Tax Agency set up
• Residency rules for expats
• UK/Japan Double Taxation Agreement
• Business registration
• Calculating tax withholding
• BIK valuation
• Tax free allowances
• Employee income deductions
• Tax rates
• Using Tax Tables
• Pay over and reporting to NTA
• Year end reporting
• The four insurance systems
• Workers accident compensation
• Employment insurance
• Health & Nursing Care insurance
• Pension insurance
• Impact of UK/ Japan double contribution convention
• Employment law
• Working time
• Overtime rates
• Paid holidays
• Sick & Maternity leave

Hong Kong
• Inland Revenue Department set up
• Registering staff
• Salaries Tax Overview
• IR56 forms
• Reporting and withholding from leavers
• Annual year end reporting
• Mandatory Provident Fund
• Exemptions
• Contribution rates
• Reporting / payment deadlines to MPF
• Employment law
• Paid leave
• Sick and parental leave

Singapore
• IRAS set up
• Business registration
• Tax rates
• Starters and leavers
• Forms IR8A and IR8S
• Central Provident Fund
• Rates and contribution calculation
• IRAS and CPF compliance
• Labour Department
• Employment agreements
• Paid leave
• Sick & parental leave

For further information contact us on 0203 871 8870 or training@gpa-global.org

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