In the Philippines, also known as the Pearl of the Orient Seas, employers prioritize the well-being of their employees. They fulfill their obligations by contributing to the Social Security System (SSS), Philippines Health Insurance Corporation (PHIC), and Home Development Mutual Fund (Pag-IBIG). Contributions to the SSS encompassing regular SS, the Mandatory Provident Fund (WISP) and […]
Thailand, often hailed as the ‘Land of Smiles,’ is renowned not just for its warm and friendly people but also for its unwavering commitment to social security. In fact, employers hold a crucial responsibility of regularly contributing to social security programs, showcasing their dedication to the well-being and security of their workforce. Needless to say, […]
A vibrant country nestled in Southeast Asia, Vietnam boasts a rich cultural heritage, breathtaking landscapes, and a rapidly evolving economy. With its robust market potential and favorable business environment, the Land of the Blue Dragon has become an enticing destination for companies looking to expand their operations. To successfully navigate Vietnam’s business landscape, it is […]
Indonesia, a vibrant archipelago situated in Southeast Asia, encompasses a diverse cultural heritage, stunning natural landscapes, and a rapidly emerging market economy. As the world’s fourth most populous nation and the largest economy in Southeast Asia, Indonesia has prioritized enhancing its business climate through progressive economic reforms, fostering investment opportunities, and attracting multinational corporations for […]
Learn how to maintain compliance with Singapore’s CPF regulations regarding CPF contributions, rates, and guidelines. Discover the benefits of HR and payroll software solutions in Singapore to streamline CPF compliance processes. Find out more about CPF contribution calculators and HR software options. Ensure accurate deductions and contributions while simplifying CPF compliance for your organization.
Hong Kong is a major hub for international trade and finance, with a large port and airport, and a major financial center. It is also home to a number of major multinational corporations, and is a center for business services, such as accounting, consulting, and legal services.
However, when consider expanding to Hong Kong, there are a few local labor regulations that you need to pay attention to when hiring in Hong Kong. Aside from monthly salaries, employers in Hong Kong need to contribute to the Mandatory Provident Funds of their employees according to the local labor law.
When employing talents from Singapore, as an employer, you are obligated to make monthly contributions towards your employee’s benefit, as mandated by local labor law. These contributions include the Singapore CPF contribution, specifically the Central Provident Fund (CPF) and Skill Development Levy (SDL).
If you are hiring a Taiwanese talent from abroad, what kind of social insurance do you need to pay for them? Social insurance in Taiwan is calculated by salary intervals so it does not have a fixed percentage for the numbers. Let’s take a look at what is the cost for hiring a Taiwanese talent from the following highlights.