Table of Contents
Brazil
Brazil introduces “Balcão Único”, a system for company incorporation in a simple and automatic way
Canada
Canada reduces automobile allowance limit by one cent for 2021
Czech Republic
Minimum base income for contribution of health insurance increased to CZK 3,500
New changes are introduced to legal framework regulating Ultimate Beneficial Owners (UBO)
New reporting obligations on employer as per amendment in Employment Act
France
Social Security Salary ceiling remains unchanged for the year 2021. 6
Germany
New Companies are required to request tax number electronically from 2021
German employment law changes
Due date of filing 2019 tax returns extended
Hong Kong
Hong Kong Budget 2021-22 Highlights
The Employment (Amendment) Ordinance 2020 sets out updates in concern with Maternity Leave
India
India Budget 2021-22 Highlights
Applicability of certain provisions and rules of Companies Act, 2013 to Limited Liability Partnerships (LLPs) including rules relating to significant beneficial ownership (SBO) etc. – proposed
Ireland
Subsidy Rates provided by Employment Wage Subsidy Scheme (EWSS) effective until March 31, 2021
Irish VAT Rate Cut reversed in March 2021
Italy
Key features of Italian Budget Law 2021
From 2022 cross border transactions in Italy will be subjected to New e-invoicing rules
Mexico
Digital service providers must Obtain Tax Identification Number from RFC
Mexico City Labor Outsourcing News
Revised Individual Income Tax Rates for 2021
Singapore
Singapore Budget 2021 Highlights
South Korea
Updates on 2020 tax Revision
Spain
Amendments to the taxation introduced by Law 11/2020, on General State Budgets for 2021 (BOE of December 31)
Update introduced on labor laws
VAT Local Bank payments no longer mandatory for non-resident businesses
United Kingdom
UK’s Making Tax Digital (MTD) Phase 2 for VAT starts from April 1, 2021 – Businesses to have Digital link between their software’s
UK simplifies VAT treatment for import of goods from outside Great Britain (GB) under Postponed Accounting (PA)
UK companies are not required to appoint a fiscal representative for VAT post Brexit in Italy
UK Budget 2021 Highlights
United States of America
California
New COVID-19 Reporting Obligations for California Employers Took Effect from January 1, 2021
Global Updates
Argentina
Regulations for the Remote-work Law introduced via Decree No. 27/2021
Thailand
Thailand’s Personal Data Protection Act coming to effect June 1, 2021
United Arab Emirates
Abu Dhabi Global Market (ADGM) introduces New Data Protection Regulations 2021