Knowledge Center - Global PEO Services

During these challenging times, we are doing all we can to support businesses and their employees. As uncertainty pervades the current business environment, questions regarding labor laws, hiring, expansion plans, taxation, and more have arisen. Our experts are closely tracking global regulation changes, providing regular updates, and offering day-to-day operational and advisory support. Find out more by visiting our COVID-19 resource center. COVID-19 Resource Center

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Whitepaper – Switching Contractors to PEO

Utilizing international contractors for one-time projects can be very effective for a business. However, switching international contractors to PEO will keep companies compliant, while also increasing their overall productivity.

Australia Regulatory Updates – August 2021

Several regulatory updates have been made in Australia throughout the last few months. It is imperative that employers stay up to date with these policy changes, in order to avoid compliance regulations. Key changes are outlined in this blog. Effective July 1st, 2021, the rate at which employers contribute to employees’ superannuation has risen to 10%.

Tax Reform Agreement Reached Between G7 Nations

Global tax reform has been a popular topic across nations, and has become a heightened discussion subject as the digitalization of the economy has transpired. As of June 5, 2021, a proposal for a communique issuance has emerged across G7 Nations. The communique proposes resolutions to several historic economic issues, including a new system to address global tax reform.

Case Study – Consolidating Global Growth

Read this case study to learn more about how Global PEO Services helps our Clients ensure operational efficiency as they grow by consolidating their global growth with PEO services.

Top 5 Countries with the Highest Cost of Living

A study was done on the price of groceries, utility bills, rent, transportation, etc., to determine the countries with the highest cost of living (in comparison to the cost of living in New York City).

Top 5 Countries with the Most Skilled Workers in 2021

The reality is that countries themselves have different policies that affect how easy it is to attract people, educate and professionally develop them, and retain the best workers – and these factors can either empower or undermine talent recruitment efforts.

Regulatory Updates in Northern & Western Europe

Throughout Northern and Western Europe, various new labor laws have been implemented, and many notable amendments have been made to those already in effect for the year of 2021 and beyond. Below are some of the highlights of these new laws and amendments in specified European countries.

Why PEOs Are Important in a Global Payroll Strategy

Co-founder and COO Gita Bhargava delves into the complexities surrounding global payroll and discusses how incorporating PEOs can streamline these processes.

Benefits admin for overseas employees: Don’t let it scare you

Co-Founder and COO Gita Bhargava shares advice for taking the stress out of global benefits administration with BenefitsPro.

Czech Republic Changes in Insurance, UBO, and Reporting Policies

The Czech Republic has introduced several changes in insurance, UBO, and reporting policies for the year of 2021. As of January 1st, 2021, the income base amount for health insurance contributions has been raised by CZK 500. The threshold for health insurance participation which had been previously set at CZK 3,000 is now at CZK 3,500.

More Than a PEO

Global PEO Services is more than just a PEO. Our comprehensive global expansion solutions support you at every stage of growth. Our established entities, international expertise, and in-country networks span over 170 countries. We are there to support your service needs wherever your expansion path takes you.

Brazil Introduces “Balcão Único” (Single System) Initiative

Government officials in Brazil have introduced the “Balcão Único” initiative, streamlining the incorporation process for companies. With this new system in place, companies will be able to save time and money in efforts toward getting their business up and running.

PEO vs. Legal Entity

Learn more about your setup options when expanding to a new country. This whitepaper compares PEO vs. Legal Entity and provides you with the keys to selecting the option that fits best with your business needs.

Singapore Budget Highlights 2021

Budget projections for the year of 2021 were delivered in Singapore on the 16th of February. As a COVID-19 support initiative, the Singapore government allocated almost S$100 billion across five budget schemes in conjunction with the standard expenditures of the prior year. The budget statement also disclosed that the fiscal year of 2020 had presented an immense budget deficit to Singapore.

2021 UK Budget Highlights Released

The 2021 UK budget was presented to parliament in early March. The budget will continue to incorporate allocations to various coronavirus support measures. There are no notable changes in key rates for this year. Corporate tax rate remains at 19%, although it will rise considerably in the next two years. The insurance contribution rates for both employee and employer also remains the same.

2021 Leave and Social Security Policies in Switzerland

For the year of 2021, several changes have been implemented into employee leave and social security policies in Switzerland. These changes grant employees with additional paid leave time offerings, and oblige employers to higher contribution rates to specific pension plans.

Economic Employer Concept Introduced in Sweden

The economic employer concept has been implemented in Sweden for the year of 2021. In previous labor regulations, taxes were not applicable to non-Swedish employees who were receiving remuneration from a non-Swedish company. Under this scheme, employers are viewed merely as the company under which labor is carried out.

Netherlands Social Security Rate Changes

New provisions have been proposed by the Social Affairs and Employment Ministry, which directly impact social security contribution rates for 2021 in the Netherlands. Unemployment insurance (AWF) contribution is set at 2.7% for contract employees with no set end-date, and 7.7% for provisional workers and employees on flextime.

China Introduces Electronic Invoices for VAT Payments

The State Taxation Administration (STA) of China released a report containing a list of eligible regions where taxpayers who have been newly registered may utilize electronic VAT special invoices, “e-fapiao.” This is an amendment to the formerly used system, “fapiao,” in which all VAT special invoices were submitted in paper form.

Italy Implements COVID-19 Relief Bill to Employers and Employees

With the intent to aid both employees and employers during the COVID-19 pandemic, Italy implemented a COVID-19 Relief Bill, “Ristori-bis,” which has been effective in the country since October 24th, 2020. The significant factors entailed in the decree are set out below. The obligation to make contributions to social benefits are suspended.

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