Claeys & Engels’ Post

The Fair Work Commission (FWC) Minimum Wage Panel has decided on a 3.75% increase for the national minimum wage and all modern award minimum wage rates, effective from 1 July 2024. This increase in the national minimum wage is significant for your bookkeeping and payroll operations. Complying with the new rates necessitates precise adjustments in employee wages, ensuring that your business remains legally compliant.

Minimum Wage Increases: Many states and cities have been raising their minimum wage. Payroll services must update their systems to comply with these changes, ensuring that employees are paid the correct amounts. #PayrollServices #EmployeePay #LaborLaws #WorkforceCompliance #FairWages

Check out EA Assist's update on the National Minimum Wage increase from April 2024. Keeping abreast of legislative changes is crucial for businesses to maintain compliance and support their workforce effectively. In this blog post, we check out the details of the minimum wage update, providing clarity on rates. Stay informed and ensure your business stays on the right side of the law with our comprehensive breakdown of the April 2024 wage increase. Check out the changes here: At EA Assist we know all about National Minimum Wage, PAYE, SMP and Holiday pay, its what we do. If you find all the technical terms and constant updates confusing then please get in touch. We can manage your payroll function by ensuring we file and report on time and accurately. ☎️Get in touch here: https://lnkd.in/enxFteH6

On 11 January 2024, the Luxembourg and German tax authorities established an agreement to interpret and apply the double taxation convention, with the aim of avoiding double taxation and preventing tax evasion on income and capital. Among other things, under the terms of the agreement all wages paid by Luxembourg employers for overtime worked by cross-border workers resident in Germany will be subject to taxation by Germany. This is due to the fact that Luxembourg's tax legislation fully exempts wages paid for overtime from income tax. As a result, as long as Luxembourg continues to exempt overtime wages from income tax, overtime paid to employees resident in Germany will be taxable in Germany. 👀💻 Read the full article in English, German and French via the link below 👇 👉 Follow #BDOLuxembourg #Tax #Overtime #CrossBorder #GermanCommuters

On 11 January 2024, the Luxembourg and German tax authorities established an agreement to interpret and apply the double taxation convention, with the aim of avoiding double taxation and preventing tax evasion on income and capital. Among other things, under the terms of the agreement all wages paid by Luxembourg employers for overtime worked by cross-border workers resident in Germany will be subject to taxation by Germany. This is due to the fact that Luxembourg's tax legislation fully exempts wages paid for overtime from income tax. As a result, as long as Luxembourg continues to exempt overtime wages from income tax, overtime paid to employees resident in Germany will be taxable in Germany. 👀💻 Read the full article in English, German and French via the link below 👇 👉 Follow #BDOLuxembourg #Tax #Overtime #CrossBorder #GermanCommuters

Challenging HR topic for German cross-border employees. You can contact or Payroll specialists ! On January 11, 2024, an agreement was signed between the tax authorities of Luxembourg and Germany to interpret and apply the double taxation convention, with the goal of avoiding double taxation and preventing tax evasion on income and capital. Under the agreement, Germany will tax all wages paid by Luxembourg employers for overtime worked by cross-border workers resident in Germany. This is due to the fact that Luxembourg's tax legislation fully exempts wages paid for overtime from income tax. As a result, as long as Luxembourg continues to exempt overtime wages from income tax, overtime paid to employees resident in Germany will be taxable in Germany. 👀💻 Read the full article in English, German & French via the link below 👇 👉 Follow #BDOLuxembourg #Tax #Overtime #CrossBorder #GermanCommuters

On January 11, 2024, an agreement was signed between the tax authorities of Luxembourg and Germany to interpret and apply the double taxation convention, with the goal of avoiding double taxation and preventing tax evasion on income and capital. Under the agreement, Germany will tax all wages paid by Luxembourg employers for overtime worked by cross-border workers resident in Germany. This is due to the fact that Luxembourg's tax legislation fully exempts wages paid for overtime from income tax. As a result, as long as Luxembourg continues to exempt overtime wages from income tax, overtime paid to employees resident in Germany will be taxable in Germany. 👀💻 Read the full article in English, German & French via the link below 👇 👉 Follow #BDOLuxembourg #Tax #Overtime #CrossBorder #GermanCommuters

On January 11, 2024, an agreement was signed between the tax authorities of Luxembourg and Germany to interpret and apply the double taxation convention, with the goal of avoiding double taxation and preventing tax evasion on income and capital. Under the agreement, Germany will tax all wages paid by Luxembourg employers for overtime worked by cross-border workers resident in Germany. This is due to the fact that Luxembourg's tax legislation fully exempts wages paid for overtime from income tax. As a result, as long as Luxembourg continues to exempt overtime wages from income tax, overtime paid to employees resident in Germany will be taxable in Germany. 👀💻 Read the full article in English, German & French via the link below 👇 👉 Follow #BDOLuxembourg #Tax #Overtime #CrossBorder #GermanCommuters

On January 11, 2024, an agreement was signed between the tax authorities of Luxembourg and Germany to interpret and apply the double taxation convention, with the goal of avoiding double taxation and preventing tax evasion on income and capital. Under the agreement, Germany will tax all wages paid by Luxembourg employers for overtime worked by cross-border workers resident in Germany. This is due to the fact that Luxembourg's tax legislation fully exempts wages paid for overtime from income tax. As a result, as long as Luxembourg continues to exempt overtime wages from income tax, overtime paid to employees resident in Germany will be taxable in Germany. 👀💻 Read the full article in English, German & French via the link below 👇 👉 Follow #BDOLuxembourg #Tax #Overtime #CrossBorder #GermanCommuters

On January 11, 2024, an agreement was signed between the tax authorities of Luxembourg and Germany to interpret and apply the double taxation convention, with the goal of avoiding double taxation and preventing tax evasion on income and capital. Under the agreement, Germany will tax all wages paid by Luxembourg employers for overtime worked by cross-border workers resident in Germany. This is due to the fact that Luxembourg's tax legislation fully exempts wages paid for overtime from income tax. As a result, as long as Luxembourg continues to exempt overtime wages from income tax, overtime paid to employees resident in Germany will be taxable in Germany. 👀💻 Read the full article in English, German & French via the link below 👇 👉 Follow #BDOLuxembourg #Tax #Overtime #CrossBorder #GermanCommuters