Argentina: New Labor Assistance Fund Rules Effective November 1, 2026
Argentina has approved regulations governing Labor Assistance Funds (FALs), a new mechanism designed to help private-sector employers manage severance payment obligations. Effective November 1, 2026, employers may contribute to authorized investment vehicles that fund severance payments for registered employees. Contributions will be integrated into social security reporting and may be tax-deductible. Additional implementing guidance is expected within 45 business days.
Implication: Employers should review payroll, severance, tax, and employee registration processes before the new regime takes effect.
China: New Protections for Over-Age Workers Effective July 1, 2026
China has introduced new regulations protecting individuals who continue working after reaching the statutory retirement age. Effective July 1, 2026, employers engaging over-age workers under their management must provide written agreements, ensure compliance with the minimum wage, arrange work injury insurance coverage, and maintain appropriate health and safety standards.
The regulations also grant over-age workers entitlement to public holidays, rest days, and overtime pay where applicable, while encouraging employers to limit overtime assignments. Disputes concerning wages, safety, insurance, and working conditions will follow the standard labor dispute resolution process.
Employer Action: Organizations employing retirees or over-age workers should review employment arrangements, insurance coverage, and workplace practices to ensure compliance with the new requirements.
China: Shenzhen Housing Provident Fund Measures Effective April 1, 2026
Shenzhen has introduced new Housing Provident Fund Management Measures governing employer registration, employee account setup, contribution calculations, and reporting requirements. Employers must register within 30 days of establishment and open employee accounts within 20 days following registration approval. Contribution rates may be adjusted annually, and financially distressed employers may apply for temporary reductions or payment deferrals.
Implication: Employers operating in Shenzhen should review payroll and housing fund administration procedures to ensure compliance with the new requirements.
France: Expanded Support for Parents of Seriously Ill or Disabled Children
A new law enacted on June 12, 2026, strengthens protections for employees caring for children with serious illnesses, disabilities, cancer, or major injuries.
Key changes include:
- Special leave increased from 5 to 10 working days.
- Reduced notice period for parental presence leave.
- Extended protection against dismissal during leave and for 10 weeks afterward.
- Greater flexibility in working hours for eligible parents.
- Simplified access to parental support benefits and financial relief measures.
Employer Action: Review leave policies, flexible working arrangements, and dismissal procedures to ensure alignment with the enhanced employee protections.
France: Sick Leave Certification Rules Change September 1, 2026
Beginning September 1, 2026, France will limit the duration covered by individual sick leave certificates.
Under the new rules:
- Initial sick leave certificates are limited to 31 days.
- Extensions are limited to 62 days per certification.
- Additional extensions remain possible where medically justified.
The changes do not limit the overall duration of sick leave but require more frequent medical certification.
Employer Action: Ensure that HR and payroll teams monitor certificate expiration dates and obtain updated medical documentation when required.
June 2026 French Tax Authority Guidance
The French tax authorities have issued new guidance clarifying how the country’s upcoming e-reporting regime will apply to foreign businesses registered for VAT in France.
While foreign companies without a permanent establishment in France will generally remain outside the scope of France’s domestic B2B e-invoicing requirements, they may still be required to submit transaction and payment data where they undertake activities subject to French VAT.
The clarification forms part of France’s broader e-invoicing and e-reporting reform, which begins to take effect from September 1, 2026.
Key Developments
The guidance confirms that:
- France’s mandatory B2B e-invoicing regime applies only to transactions between VAT-taxable persons established in France.
- Foreign businesses without a French establishment will generally not be required to issue or receive French electronic invoices.
- Foreign VAT-registered businesses may nevertheless be subject to e-reporting obligations where they carry out transactions that are taxable in France.
- The rollout of e-reporting obligations will begin on September 1, 2026, for large and intermediate-sized enterprises, with SMEs and micro-enterprises joining from September 1, 2027.
- Businesses acting as VAT-liable customers will also become subject to certain reporting obligations from September 1, 2027, including transactions subject to reverse charge rules and intra-Community acquisitions.
Transactions Potentially Within Scope
Depending on the circumstances, e-reporting requirements may apply to:
- Supplies of goods or services taking place in France where French VAT is due.
- Taxable intra-Community acquisitions made in France.
- Transactions where a French VAT registration is used and reporting obligations arise under French VAT rules.
- Certain B2C transactions subject to French VAT.
Businesses using the EU One Stop Shop (OSS) regime for B2C reporting will generally be exempt from transaction-level e-reporting for those sales.
Reporting Platform Requirements
Foreign businesses required to comply with the new regime will need to transmit relevant transaction and payment data through a certified and accredited platform approved by the French tax authorities.
Business Impact
Foreign VAT-registered businesses with activities giving rise to French VAT obligations should assess whether they fall within the scope of the new e-reporting requirements and begin evaluating the systems, processes, and reporting infrastructure needed to comply with the phased implementation timetable.
Early preparation will be particularly important for organizations with complex cross-border transactions, French VAT registrations, or significant transaction volumes.
India: Form DPT-3 Filing Relief Extended Through July 31, 2026
India’s Ministry of Corporate Affairs has granted temporary relief for companies filing Form DPT-3 for the financial year ending March 31, 2026.
Although the statutory filing deadline remains June 30, 2026, companies may submit the form without incurring additional late-filing fees until July 31, 2026. The extension follows disruptions caused by a June 2026 data center incident.
Employer Action: Companies unable to meet the June deadline should take advantage of the additional month to complete filings without penalty.
India: Digital Personal Data Protection Compliance Timeline Confirmed
India has clarified the implementation schedule for its Digital Personal Data Protection (DPDP) framework.
Key milestones include:
- November 14, 2026: Consent Manager provisions become effective.
- May 14, 2027: Core compliance obligations take effect, including consent management, security safeguards, breach reporting, and individual rights requirements.
Organizations processing personal data in India—including some businesses operating outside India—may be subject to the law.
Employer Action: Begin reviewing data governance, consent practices, vendor agreements, and breach response procedures ahead of the 2027 compliance deadline.
Israel: Invoice Validation Threshold Reduced to NIS 5,000
Effective June 1, 2026, Israel lowered the threshold for mandatory invoice validation from the Israel Tax Authority.
Invoices exceeding NIS 5,000 (excluding VAT) must obtain an allocation number before customers can claim input VAT deductions.
Employer Action: Review invoicing processes and ensure qualifying invoices receive the required validation before VAT recovery claims are submitted.
United Kingdom: Companies House Filing Reforms Delayed to April 1, 2028
The UK government has postponed implementation of major Companies House filing reforms under the Economic Crime and Corporate Transparency Act 2023 until April 1, 2028.
Key reforms include:
- Mandatory software-only filing of accounts.
- Removal of abridged accounts.
- Additional filing requirements for small companies and micro-entities.
- Mandatory iXBRL digital filing format.
- Stronger audit exemption declarations.
Employer Action: Businesses should use the additional preparation time to assess accounting systems, filing processes, and software readiness ahead of the 2028 transition.
Switzerland: Beneficial Ownership Reporting Regime Effective
Switzerland will implement a new beneficial ownership transparency framework effective October 1, 2026. The regime establishes a centralized Transparency Register that requires Swiss entities and certain foreign entities with a Swiss nexus to identify and report their beneficial owners. Reporting deadlines vary by entity type, and ongoing updates must generally be filed within one month of any ownership change.
Implication: Affected organizations should review ownership structures, identify beneficial owners, and prepare the required documentation prior to implementation.