Overview

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, risk to the organisation's reputation, and financial penalties. Some knowledge of the rules is essential to allow for effective management of an outsource provider.

Who is this course for?

This course is aimed at those Payroll & HR Professionals who are processing or managing Vendors who process APAC Payrolls and need to have an understanding of the legislative and legal requirements involved.

What will be covered?

China

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 report 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

• The Inland Revenue Department set up
• Registering staff
• Salaries Tax Overview
• IR56 forms
• Reporting and withholding from leavers
• Annual year-end reporting
• Mandatory Provident Fund
• ExemptionsContribution 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

Summary

An increasing number of businesses are seizing the opportunities the APAC region offers but strict reporting requirements make it essential to be familiar with the rules. Attendees of this invaluable course will gain the necessary insight to avoid pitfalls and penalties and maintain compliance across these dynamic economies.