Budget 2021: Payroll & HR Highlights
On 6 November 2020, the government announced its proposed Budget 2021 amidst our ongoing battle against the COVID-19 pandemic. This article focuses on several payroll and human resources highlights from the proposed budget: Reduction of Individual Income Tax Rate It is proposed that the resident individual tax rate be reduced by 1% (from 14% to 13%) for the chargeable income […]
