Asia Pacific HR & Payroll
For international businesses expanding or operating across the Asia Pacific region, the complex local employment rules and calculations of income and benefits involved in employing a local workforce can seem overwhelming. This is where TMF Group can help.
TMF Group has offices throughout the world. We employ thousands of qualified accountancy and HR professionals and deal with the local authorities on a daily basis. Therefore we have the capacity to manage all of your HR and payroll requirements with the minimum of fuss. This leaves you free to focus on your core business.
Asia Pacific HR & Payroll Services
Our full range of managed HR and payroll services covers all of the administration, legal and tax compliance requirements that you are obliged to comply with as an employer in the region. Whether you are employing only one or two local staff in a country, or managing hundreds of staff across the region, we can take care of the whole process.
Our HR and payroll services include:
• Salary calculations: gross salary and benefits computations; income tax calculations; and special expatriate schemes and registrations.
• Statutory reporting: bookkeeping and payslip preparation; filings to the tax and social security authorities; registration of employment contracts; and expatriate work permits.
• Management reporting: online standard or bespoke management reporting; consolidations of business units and country(ies) reporting; net-gross-total salary cost analysis; and comparative analysis of costs centres, configured to your business needs.
All of our services are provided with a single point of contact from anywhere in the world, in any major language, for your convenience. The benefits for you are minimum communications with maximum coordination, and the assurance that all TMF Asia Pacific staff understand your business operations and needs.
TMF Local Asia Pacific Knowledge Sets Us Apart
Whichever Asia Pacific country you are working in, our local experts can provide the local knowledge and insight needed to ensure full compliance with local regulations. Examples of our work include:
China: Deductions and contributions to the social insurance fund and housing fund; withholding tax payments; and filing working visa applications.
India: Compliance with the numerous fund schemes, such as the Employee State Insurance Company & Provident Fund; and filings for professional taxes and LWD.
Vietnam: Social security book and health insurance card administration; and PIT computations and reporting.
Hong Kong: Tax computations for IR56(E) and IR55(B); and contributions to the MPF and ORSO funds.
Singapore: Tax deductions and compliance for IR8A, IR8S and IR21; and levies and payments for CPF, CDAC, MBMF and other schemes.
Australia: State payroll taxes and PAYG schemes; and state fringe benefits tax.
If you would like to learn more about how TMF Group can help you in any country in the Asia Pacific region, or across the globe, please contact us – see contact details above.