Knowledge Central

13th month pay is an important requirement companies need to understand when operating abroad. International companies must adhere to local employment laws and social norms, and 13th month pay is just one of them. In some countries, 13th month pay is mandated by law, while in others it is customary to pay without a legal […]

International tax compliance is an increasingly difficult burden for global companies. Tax rules and regulations, reporting requirements, and tax return deadlines are demanding, vary between countries, and change frequently. It can difficult for business to coordinate with local authorities, especially when they don’t have in-country expertise or dedicated staff. As a result, international tax compliance […]

International accounting follows strict reporting methods and standards, but it often varies between regions. An increasing number of companies run global operations making international accounting compliance extremely important. Many businesses do not have the know-how or resources to meet increasingly difficult international accounting demands. Fortunately, solutions exist. Here are a few of the international accounting […]

Entity registration around the world has slowed down considerably or come to a grinding halt due to the coronavirus. Businesses caught up in the registration process in a new foreign market are now sitting, waiting, and hoping they will get approval so they can start exploring opportunities. While the registration process continues in some countries, […]

The Dutch government has implemented many legislative changes, grants, incentives, and extensions to ease the strain on business. The following are the current benefits offered. Temporary Emergency Bridging Measure (NOW) Employers can claim substantial compensation for 3 months wages, providing they retain their employees and expect at least a 20% loss of turnover. The minimum […]

The Belgium government has implemented many legislative changes, grants, incentives, and extensions to ease the strain on business. The following are the current benefits offered. Temporary Unemployment Scheme All employers experiencing a temporary closure of their business or a reduction in workflow due to COVID-19 can invoke temporary unemployment (furlough). Employers can suspend full and […]

The Italian government has implemented many legislative changes, grants, incentives, and extensions to ease the strain on business. The following are the current benefits offered. Employee Wage Grant All employers, regardless of size and sector, can apply for a 50% employee wage grant for a maximum of 9 weeks if they decide to suspend operations […]

The Spanish government has implemented many legislative changes, grants, incentives, and extensions to ease the strain on business. The following are the current benefits offered. Temporary Unemployment Measures (ERTE) Companies can temporarily suspend work contracts or reduce hours while keeping their employees on their payroll. Employees receive up to 70 percent of their original salary […]

The German government has implemented many legislative changes, grants, incentives, and extensions in response to the impact on business due to the coronavirus. The following are the current benefits offered. Emergency Aid Programme Small enterprises with up to 10 employees, including sole proprietors and freelancers, can apply for grants, regardless of industry. Those with a […]

The French government has instituted many reforms as well as new initiatives to ease the strain of COVID-19 on business. We encourage you to explore your options if your company is struggling due to the coronavirus. Solidarity Payment for Small Business Businesses with less than 10 employees and earning less than €1 million a year […]

The Australian government has implemented many legislative changes, grants, incentives, and extensions to ease the strain on business. The following are the current benefits offered.  Job Keeper Payments Businesses significantly impacted by the Coronavirus outbreak can access a subsidy from the Government to continue paying their employees. This subsidy may apply to sole traders and […]

Most businesses in China are slowly returning to work and resuming business and production. In the meantime, policies implemented by the central and local government may ease the strain on business. Corporate Income Tax Qualifying enterprises may deduct the full cost of new equipment without depreciation or those in transportation, hospitality, and tourism may carry […]