Egypt Statutory Updates 2024
Here are the Egypt statutory updates for 2024 Effective March 2024 Minimum Wage Increase Last February, President Abdel Fattah al-Sisi announced that Egypt’s minimum wage would increase from EGP3,000 TO 6,000. State workers will also receive a salary increase ranging from EGP1000 to 1,200. This is part of a social protection package, with the country’s […]
A Deep Dive Into the Japan Manufacturing Industry
Let’s take a deep dive into the Japan manufacturing industry From the sleek assembly lines of automotive giants to the precise craft of electronics manufacturing, Japan’s industrial landscape is a testament to the country’s unwavering commitment to quality, efficiency, and innovation. As the fourth largest economy in the world, Japan’s manufacturing sector remains a powerhouse, […]
What you need to know about Malaysia’s service tax increase on digital services
Malaysia’s service tax increased from six percent to eight percent on digital services. This was ratified on February 24, 2024 by the second Minister of Finance Amir Hamzah bin Azizan and will be effective on March 1 of this year. What is a digital service? According to the official government website on the service tax, […]
Employer of Record Services for Renewable Energy Companies in Japan
Introduction Japan, recognised as a formidable force in the field of technology, has steadily shifted gears to embrace renewable energy. In fact, in 2023, it was sixth on Statista’s list of the top countries in terms of installed renewable energy capacity. With this transition come unique challenges for burgeoning and established renewable energy businesses alike. […]
Agriculture in Japan: A Sustainable Approach
We take a deep dive into agriculture in Japan Japan’s rich green landscapes and ancient agricultural traditions have cultivated a deep-rooted connection to the land. As the global demand for sustainable farming practices grows, Japan’s agricultural sector becomes an increasingly intriguing model for balancing tradition with innovation. This blog post will dive into agriculture in […]
South Korea Year-End Income Tax Settlement: A Guide
Here’s a handy guide to navigating the South Korea Year-End Income Tax Settlement (YETS) As the fiscal year draws to a close, taxpayers need to reconcile their tax liabilities with taxes withheld throughout the year. In South Korea, all workers who earned income in the country in the past year are required to file […]
Indonesia Statutory Updates for 2024
These are a few statutory updates that are effective in 2024 for Indonesia. Effective December 2024 Indonesia Increases Application Fees for Work Permits and Stay Permits The Indonesian government has announced significant fee increases for various visa types, including: Short-Term Work Permit: Increased to IDR 5,250,000 (previously IDR 1,800,000) plus an additional USD 150. Long-Term […]
Manufacturing in Vietnam: An Unexplored Goldmine for Global Investors
With the rise of global sourcing and the quest for cost-effective production, manufacturing in Vietnam has become an epicenter for growth and opportunity. The country’s ascension as a manufacturing hub is impressive, embodying the convergence of favorable economic policies, a burgeoning workforce, and strategic geopolitical positioning. This harmonious blend presents a practical alternative for investors […]
Exploring The Thriving Vietnam Tech Industry
The Vietnam tech scene has a promising future ahead of it From the bustling capital of Hanoi to the dynamic metropolis of Ho Chi Minh City, Vietnam is positioning itself as Southeast Asia’s frontier for technology and innovation. This surge has captivated startup enthusiasts, investors, and the global tech community alike, as they witness the […]
Vietnam’s minimum wage increase for 2024
Last month, Vietnam’s National Wage Council set the minimum wage increase for 2024, amounting to a 6% rise. This was decided on due to both inflation and the country’s economic growth—it being one of the fastest growing nations economically in the region. The increase will be implemented in July 2024. As the minimum wage is […]
