Greetings from i-Admin. From 1 August 2022, the Record of Payment (ROP) will indicate any mismatch between the new employees’ names you have provided and the names indicated in their NRICs. CPF contributions are credited to your employees’ CPF accounts based on the NRIC numbers you have provided in your CPF submission. You are reminded […]

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Dear Customers, With refer to the final update from the government regarding an amendment of minimum wage, under Minimum Wage Order (MWO) 2022 that was gazette on 27th April 2022, it has been decided that : a)    Minimum wage of MYR1,500 per month is effective 1st May 2022: 1)    For an employer who employs 5 […]

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Dear Customers, Starting 14 April, 2022, employers are required to pay the retirement benefit (severance payment) to Individual Retirement Pension (IRP) Accounts to employees leaving the company instead of paying out under the payroll account as current practice. Please feel free to contact us if you have any questions. Best regards, i-Admin Korea Inc.

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Hi All,   This is to inform that there is changing on Thailand Social Security Contribution rate with following details   The rate changing is for payroll of May’22 – July’22 The new Employee Social Security contribution rate is 1% (the current rate is 5%) The new Employer Social Security contribution rate is 1% (the […]

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Announcing Japan Team Japan Unemployment Insurance Deduction Rate 2022 Update     Hi All, Japan Labor Bureau has announced updates on the Japan Unemployment Insurance deduction rate effective from April 1, 2022 to September 30, 2022. The Unemployment Insurance rate for Employer contribution has been changed from 6% to 6.5% for general business type. Please […]

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Announcing Indonesia Team INDONESIA Pension Program Update 2022     Greetings from i-Admin. Indonesia government has issued an update related to the amount of benefits and wage regulation for BPJS pension 2022. Please see below for updated details of Jaminan Pensiun (Pension Guarantee):   Minimum Pension Benefits is IDR.363,300.00 per month and maximum of IDR.4,357,900.00 […]

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Dear Customers, On 31 December 2021, China Ministry of Finance and State Administration of Taxation made [2021] No. 42 and [2021] No.43 announcement regarding extension of some China tax preferential policies in order to further reduce the burden on taxpayers. The relevant IIT preferential policies were summarized as follows: 1.         Year-end bonus The existing preferential […]

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