Overview of APAC Payrolls

Overview of APAC Payrolls

  • Country

    APAC

  • learning hour's

    6

  • Material Year

    2020

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.

Course Trainers

  • Alison

    Senior Consultant

    With over 25 years experience in Finance, HR and Payroll, Alison has worked as a Payroll & HR consultant for many organisations supporting international HR and payroll implementations within multiple industries including Media, IT, Manufacturing and Financial Services. Her payroll experience includes implementing payrolls in over 45 countries in EMEA and APAC for both in house payrolls and with an out sourced provider.

What will be covered?

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
  • 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.