[fa icon="calendar'] Feb 14, 2019 @ 01:36 PM / by Jeremy Piccoli
Shanghai, China as seen during AIRINC's recent cost of living survey. Photo taken by AIRINC surveyor Samuel Pearl Schwartz.
The Chinese government enacted amendments to the individual income tax law and implemented them in two phases – October 1, 2018 and January 1, 2019. The changes that went into effect October 1, 2018 amended tax rates and tax brackets, and increased the monthly basic deduction.
[fa icon="calendar'] Jan 08, 2019 @ 10:00 AM / by Jeremy Piccoli
As part of the IRS contingency plan for a government shutdown, the treasury department is recalling 46,000 people, roughly half of the IRS workforce. These workers are expected to report for work without pay and without a clear plan from the U.S. government to compensate them with back-pay once the government does reopen.
[fa icon="calendar'] Oct 04, 2018 @ 11:39 AM / by Jeremy Piccoli
Tax laws, rates, and regulations vary greatly from country to country, and being on an international assignment creates even further complexity. To minimize the tax impact on the assignee, most globally-mobile companies have a Tax Equalization policy in place.
[fa icon="calendar'] Aug 28, 2018 @ 08:40 AM / by Jeremy Piccoli
With great publicity and fanfare, the United States enacted significant Federal tax reform, titled The Tax Cuts and Jobs Act, effective January 1, 2018. The details of the reform at a Federal level have been widely dissected, debated, and analyzed.
[fa icon="calendar'] Aug 20, 2018 @ 03:45 AM / by Jeremy Piccoli
On April 20, 2018, the Dutch Ministry of Finance announced that the 2019 Tax Plan will include an amendment to the ‘30% ruling’ for expatriate employees, shortening the eligibility from 8 to 5 years, effective January 1, 2019.
[fa icon="calendar'] Aug 06, 2018 @ 08:18 AM / by Jeremy Piccoli
Malaysia The Malaysian government had reduced the employee contribution rate to the Employee Provident Fund from 11% to 8% without limitation, a move aimed at stimulating consumer spending.
[fa icon="calendar'] Jul 02, 2018 @ 05:40 AM / by Jeremy Piccoli
A withholding tax system that was previously announced to take effect on January 1, 2018, has been postponed to January 1, 2019.
[fa icon="calendar'] Apr 25, 2018 @ 08:44 AM / by Jeremy Piccoli
In response to the Tax Cuts and Jobs Act, the Internal Revenue Service (IRS) has released an updated Withholding Calculator.
