PEO Knowledge Center

Several updates have been made to many of the regulatory policies in Australia over the past few months. From reduced tax rates to extended paid leave accessibility, below are some of the key updates employers will want to make note of.

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%.

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).

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

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.

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.

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.