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New
Feb 2025
Finance Act 2025 — New Tax Regime Slab Revision & Section 87A Rebate Enhancement
Budget 2025: New Regime slabs revised, 87A rebate raised to ₹60,000 for income ≤ ₹12L, Standard Deduction ₹75,000 in New Regime. Effective FY 2025-26.
incometax.gov.in ↗
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Update
Apr 2025
CBDT Circular — Form 16 Issuance Deadline & TDS Certificate Requirements AY 2026-27
Instructions on Form 16 Part A (from TRACES) and Part B issuance. Deadline: June 15, 2026. Updated format for new regime disclosures.
TRACES Portal ↗
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Update
Mar 2025
EPFO — EPF Wage Ceiling & Administrative Charge Updates FY 2025-26
EPF contribution rates unchanged at 12% employee/employer. Admin charge: 0.5%. EDLI: 0.5%. Wage ceiling remains ₹15,000/month for EPF applicability threshold.
epfindia.gov.in ↗
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Circular
Apr 2025
ESIC — Contribution Rate & Wage Ceiling for ESI FY 2025-26
ESI applicability: employees earning ≤ ₹21,000/month. Employee: 0.75%, Employer: 3.25%. ESIC portal for employer registration and monthly filing.
esic.gov.in ↗
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Circular
Apr 2025
CBDT — Advance Tax Schedule FY 2026-27 (Q1 due June 15, 2026)
Q1: 15% by June 15 · Q2: 45% by Sept 15 · Q3: 75% by Dec 15 · Q4: 100% by Mar 15. Applicable if tax liability > ₹10,000.
Advance Tax Calculator ↗
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Circular
Jan 2025
MCA — Gratuity Act Amendment: Maximum Gratuity Limit ₹20 Lakh
Payment of Gratuity Act 1972 — current ceiling ₹20,00,000. Formula: (Last drawn basic + DA) × 15/26 × completed years. Applicable on resignation/retirement/death.
labour.gov.in ↗
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Alert
Oct 2024
HMRC — Employer NIC Rate Change: 13.8% to 15% from April 6, 2025
Autumn Budget 2024 announcement. Secondary threshold cut to £5,000/yr. Employment Allowance raised to £10,500. Full HMRC employer NIC guidance updated.
gov.uk/NIC-rates ↗
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Update
Apr 2025
HMRC — PAYE Tax Rates & Thresholds 2025-26: Personal Allowance £12,570, Basic Rate Band £37,700
Income tax rates unchanged: 20% basic, 40% higher, 45% additional. Personal allowance frozen at £12,570 until 2028. Scottish rates differ — see SRIT guidance.
gov.uk/income-tax-rates ↗
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Update
Apr 2025
HMRC — National Living Wage 2025: £12.21/hr (21+), £10/hr (18-20)
National Living Wage increased from £11.44 to £12.21 (April 2025). Applies to all workers aged 21+. Under 18: £7.55. Apprentice: £7.55. Compliance is employer's obligation.
gov.uk/NMW-rates ↗
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Circular
Apr 2025
HMRC — P11D & Class 1A NIC: Benefits in Kind for Tax Year 2025-26
P11D due July 6, 2026. Class 1A NIC at 13.8% (note: pre-April 2025 rate applies to Class 1A on 2024-25 P11D). Updated HMRC CWG5 guide for payrolling benefits.
HMRC CWG5 ↗
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New
Nov 2024
IRS — 2025 Tax Year: SS Wage Base $176,100, 401(k) Limit $23,500, Standard Deduction $15,000
Rev. Proc. 2024-40: annual inflation adjustments. SECURE 2.0 super catch-up $11,250 for age 60-63. IRA contribution $7,000 ($8,000 catch-up).
IRS News Release ↗
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Circular
Jan 2025
IRS Publication 15-T — Federal Income Tax Withholding Methods 2025
Updated withholding tables for 2025. For use with W-4 forms. Percentage method and wage bracket tables included. Mandatory for payroll tax deposits.
IRS Pub 15-T ↗
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Circular
Oct 2024
SSA — Social Security Wage Base $176,100 for 2025 (Press Release)
SSA official announcement of 2025 wage base. OASDI rate unchanged at 6.2% employee/employer. Medicare 1.45% with no wage limit.
SSA Wage Base ↗
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Update
Jan 2025
DOL — FLSA Federal Minimum Wage & Overtime Rules 2025
Federal minimum wage unchanged at $7.25/hr (many states higher). White-collar exemption salary threshold $684/week ($35,568/year). Overtime: 1.5× for >40 hrs/week.
DOL State Wages ↗
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Alert
Jul 2025
ATO — Superannuation Guarantee Rate: 12% from July 1, 2025
Final SG rate increase as per Treasury Laws Amendment (Fairer for Retirees) Act. Employer must contribute 12% of OTE. SGC applies if underpaid — not tax deductible.
ATO SG Rates ↗
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Update
Jun 2025
Fair Work Commission — National Minimum Wage 2025-26: A$24.95/hr
Annual Wage Review decision. National Minimum Wage increased to A$24.95/hr from July 1, 2025. Modern Award minimum wages also updated. Applies to all national system employees.
FWC Minimum Wages ↗
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Circular
Jul 2024
ATO — Stage 3 Tax Cuts: Revised Income Tax Rates from July 1, 2024 (FY24-25 & 25-26)
16% rate on $18,201-$45,000, 30% on $45,001-$135,000. Previous 19%/32.5%/37% rates restructured. LITO threshold unchanged. Updated withholding schedules from ATO.
ATO Tax Rates ↗
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New
Jan 2025
CPF Board — Ordinary Wage Ceiling Raised to S$7,400/month from January 2025
Phase 2 of CPF ceiling enhancement. OW ceiling: S$6,800 (2024) → S$7,400 (2025). Next increase to S$8,000 in Jan 2026. Employee 20%, Employer 17% (age ≤55).
CPF Board ↗
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Circular
Mar 2025
IRAS — Individual Income Tax Rates & Filing for YA 2026 (Income Earned in 2025)
Resident tax rates 0%–22%. Non-resident flat 15% or graduated rates, whichever is higher. e-Filing opens March 1, 2026. Deadline April 18, 2026.
IRAS Tax Rates ↗
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Circular
Jan 2025
MOM — Employment Act: Progressive Wage Model & Outsourcing Changes 2025
Progressive Wage Model expanded to cleaning, security, landscaping, food services, retail and admin sectors. Mandatory wage increases and training requirements.
MOM Progressive Wages ↗
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New
Jan 2025
CRA — Payroll Deductions Tables T4032 for 2025: CPP2, EI Rate 1.64%, BPA C$16,129
Annual T4032 tables updated for 2025. CPP1 max pensionable earnings C$71,300. CPP2 on C$73,200–$81,900 at 4%. EI max insurable C$65,700. Federal basic personal C$16,129.
CRA T4032 ↗
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Update
Apr 2025
Employment and Social Development Canada — Federal Minimum Wage C$17.75 from April 1, 2025
Federal minimum wage indexed to CPI annually. Applies to federally regulated workplaces: banking, airlines, telecom, rail. Provincial minimums may be higher.
ESDC Federally Regulated ↗
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Circular
Jan 2025
Service Canada — CPP Enhancement 2025: CPP2 Expansion & Contribution Rates
CPP2 fully in effect for 2025. Employer must deduct and remit matching CPP2 contributions. T4 Box 16A for employee CPP2, Box 17A for employer portion on RL-1 (Quebec).
CRA CPP Guide ↗
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Update
Jan 2025
UAE FTA — Corporate Tax FY2025: Registration Requirement & Filing Timeline
All UAE businesses must register with FTA even if below taxable threshold. CT return due 9 months after financial year end. Small Business Relief for revenue ≤ AED 3M.
UAE FTA Corporate Tax ↗
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Circular
Jan 2025
MOHRE — UAE Labour Law (Federal Decree Law No. 33/2021): Gratuity & Contract Types
End-of-Service Gratuity calculation formula. All contracts must be fixed-term maximum 3 years. DEWS scheme for DIFC-based employers. WPS mandatory for all.
MOHRE Labour Law ↗
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Circular
Nov 2024
UAE FTA — Transfer Pricing Documentation: Master File & Local File Requirements
Ministerial Decision No. 97 of 2023 on transfer pricing. Master File + Local File required for groups with global revenue > AED 3.15 billion. Penalties AED 100,000–500,000.
UAE MOF Transfer Pricing ↗
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Update
Jan 2025
GOSI — Saudi Arabia Social Insurance Contribution Rates 2025
Saudi nationals: 9% employee (annuity) + 11.75% employer (9% annuity + 0.75% annuity + 2% occupational hazard). Expats: 2% employer hazard only. Monthly GOSI portal submission.
GOSI Rates ↗
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Circular
Jan 2025
ZATCA — Zakat, Tax & Customs Authority: Corporate Income Tax 20% on Foreign Entities
Saudi nationals and GCC nationals: Zakat 2.5%. Foreign entities: Income Tax 20%. Saudi listed companies: 2.5% Zakat. VAT at 15% — all businesses with taxable supplies > SAR 375,000.
ZATCA Income Tax ↗
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Circular
Jan 2025
HRSD — Saudi Labour Law: Nitaqat Saudization Quotas & WPS Compliance 2025
Nitaqat categories: Premium, High Green, Low Green, Yellow, Red. WPS (Wage Protection System) monthly salary transfer mandatory. Non-compliance: work visa suspension.
HRSD Services ↗