Bulgaria: Parliament passed the Budget Act 2021
On 26 November 2020, the Parliament passed conclusively the 2021 Budget Act, which will enter into force on 1 January 2021. In the transitional and final provisions, Parliament today voted on child benefits and on tax breaks for childcare. The
See MoreCroatia: Prime Minister extends Wage Subsidy Scheme amid COVID-19 pandemic
On 20 October 2020, the Prime Minister and Minister of Labor, Pension System, Family and Social Policy presented the continuation of tax relief measures to preserve jobs due to the crisis caused by the coronavirus pandemic. The main objective of
See MoreCanada: CRA announces some tax relief measures during COVID-19 pandemic
The Canada Revenue Agency (CRA) has recently announced few tax relief measures. These includes: On 21 April 2020, the CRA launched general guidance concerning the Canada Emergency Wage Subsidy (CEWS) and a calculator for determining the subsidy
See MoreDenmark: Government announces a package of tax measures due to COVID-19 impact
On 10 March 2020, the Government announced some tax measures to assist companies in situation of Coronavirus impact. These are given below: Companies with supplies more DKK 50 million are subject to monthly VAT payment. But the
See MoreSlovenia Publishes Monthly Minimum Salary for 2015
The Slovenian government has published a Decree in Official Gazette No. 6 of 30 January 2015 increasing the monthly minimum salary. This has been increased due to a revision of the inflation rate in 2014 and is now EUR 790.73 (previously EUR
See MoreVenezuela: Increment of Monthly Minimum Salary (MMS)
The Decree 1.431 has released in Official Gazette No. 40.542 on 17th November 2014 to increase the Monthly Minimum Salary (MMS) from VEF 4,251.40 to VEF 4,889.11 and it will be applicable from 1st December 2014. As the taxable base, the increment of
See MoreSingapore Arranges First Wage Credit Payments
Singapore is paying out the first tranche of the payments under the Wage Credit Scheme (WCS) by 31 March 2014. Around 75 percent of the payments are due to small and medium enterprises (SMEs). The payments are intended to help new businesses and low
See MoreEcuador: Minimum monthly salary
The minimum monthly salary of Ecuador has been set to USD 318 by the Ministerial Decree 00215/2012 of the Minister of Labour, effective from 1 January 2013. The rate was previously USD
See MoreBrazil to increase monthly minimum salary
Brazil's government will raise the minimum monthly salary by 9% in 2013. The Official Gazette of 26 December 2012 published Decree 7,872/2012 introducing a new monthly minimum salary. The rate has increased to BRL 678 from BRL 622. This new rate is
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