United Kingdom Statutory Updates 2025
Here are UK’s statutory updates for 2025. Effective January 2025 UK Introduces Electronic Travel Authorisation (ETA) The UK will implement the Electronic Travel Authorisation (ETA) system, requiring travelers from visa-exempt countries to obtain pre-travel authorisation for short visits of up to six months. Key Details: Who Needs an ETA: From 8 January 2025, travelers from […]
India Statutory Updates 2025
Here are India’s statutory updates for 2025. Effective January 2025 India GST Compliance Changes for 2025 India will implement significant updates to GST compliance from 2025: Mandatory Multi-Factor Authentication (MFA): All taxpayers, regardless of turnover, must use MFA for GST logins to enhance security. Streamlined E-Invoicing: E-invoicing requirements will apply to businesses with turnover exceeding […]
South Korea Statutory Updates 2025
Here are the South Korea statutory updates for 2025. Effective January 2025 Seoul Increases Living Wage for 2025 The Seoul Metropolitan Government (SMG) has set the living wage for 2025 at KRW 11,779 per hour, a 3% increase from the 2024 rate of KRW 11,436. This equates to a monthly wage of KRW 2,461,811 for […]
China Statutory Updates 2025
Here are the China statutory updates for 2025. Effective January 2026 China Implements New VAT Law with Significant Updates China’s new Value-Added Tax (VAT) Law will take effect on 1 January 2026, introducing key changes to unify regulations, clarify taxable transactions, and enhance compliance. Key Updates: Expanded Scope of Taxable Services: The new law standardizes […]
Australia Statutory Updates 2025
Here are Australia’s statutory updates for 2025. Effective 1 January 2025 Changes for Australian Businesses in 2025 Australia has introduced several key regulatory and compliance changes for businesses effective from 1 January 2025: Superannuation Guarantee Rate Increase: The superannuation rate will rise from 11% to 11.5% for all eligible employees. Climate Reporting Requirements: Large businesses […]
Thailand Statutory Updates 2025
Here are Thailand’s statutory updates for 2025. Effective January 2025 End of Personal Income Tax Exemption for Super Saving Fund (SSF) Thailand’s Revenue Department announced that contributions to the Super Saving Fund (SSF) will no longer be eligible for tax deductions starting 1 January 2025. The previous exemption under Tax Ministerial Regulation No. 357 applied […]
Malaysia Statutory Updates 2025
Here are Malaysia’s statutory updates for 2025. Effective 1 May 2025 Malaysia Expands Sales and Services Tax Framework Malaysia’s 2025 Budget introduces significant changes to the Sales and Services Tax (SST), broadening its scope to cover a wider range of goods and services: Sales Tax: Premium and non-essential goods, such as luxury items like imported […]
Indonesia Statutory Updates for 2025
Here are Indonesia’s statutory updates for 2025 Effective January 2025 Indonesia Introduces Core Tax Administration System Indonesia will implement a new Core Tax Administration System under Minister of Finance Regulation No. 81 (PMK-81), streamlining tax regulations and processes for all types of taxes, including Income Tax, VAT, Luxury Goods Tax, and Carbon Tax. Key Changes: […]
Japan Statutory Updates 2025
We’ve outlined Japan statutory updates for 2025 Effective April 2025 Japan Increases Immigration Fees and Extends Startup Visa Duration Japan will raise immigration application fees and extend the stay duration for the startup visa under the designated activities category starting 1 April 2025. Key Changes: Fee Increases: Change of Status/Extension of Stay: Current: 4,000 yen […]
Taiwan Statutory Updates 2025
Here are the Taiwan statutory updates for 2025 Effective January 2025 Minimum Wage Increase and Withholding Tax Changes Taiwan’s minimum monthly wage will increase by 4.08% to NT$28,590 (US$889.68), up from NT$27,470. Additionally, the minimum hourly wage will increase from NT$183 to NT$190. The Ministry of Finance has also announced amendments to the Income Tax […]
