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KEY FEATURES

Enhanced Details

Added more information to the calculation detail reports for 30 countries doubling our total to 60
as shown in the world map. Enhanced details include income tax tables, social security
contributions, and line items subject to social security, available for cost estimates and
compensation calculations. In addition, columns are added to cost estimates to show the social
wage base grossup.

Features

Enhanced Details

Added enhanced details to the calculation detail reports for 30 countries. Enhanced details include
the following:

Grossup details with components of the social wage base including wages; allowances; and hypo, actual and foreign taxes.
Income tax details showing tax brackets and rates.
Social security details listing contribution components including base, cap, and rates.
Allowance details with social column displaying tax input amounts includable in the wage base and income column updated to show Nil value for outbound nonresidents.

The enhanced details are now available for 60 countries, as denoted in Appendix A.

Country Updates

Australia

Social Security: Added the option to exempt the Medicare levy contribution to the host Calculate Medicare Levy Surcharge? input. The input is renamed Calculate Medicare Levy and Surcharge? with Yes, Levy Only, and No as available options. Levy Only provides the same result as the previous No option. Tax position sets where this input is set to No will show Levy Only after the v.21.4 upgrade.

Azerbaijan

Income Tax: Corrected the preferential tax calculation to exempt income under AZN 96,000. Previously, income under AZN 8,000 was exempted, resulting in a maximum tax overstatement of AZN 12,320.

Chile

Increased the following, effective July 1, 2021:

Income Tax: Tax unit (UTM) to CLP 52,161, which increased the threshold for the top tax rate of 40% by CLP 3.8 million to CLP 194 million.

Social Security: Development unit (UF) to CLP 29,713, which increased the following wage ceilings:

Employment insurance by CLP 863,195 to CLP 43.7 million.
Other contributions by CLP 574,760 to CLP 29.1 million.

Germany

Income Tax:

Changed the line-item taxability when Contributes to Private Health Insurance? is Yes as follows:
- Outbound assignments: Pretax Medical and Dental to deductible and Employer Paid Medical and Dental to nontaxable.
- Inbound assignments: Health Benefits Host Country to nontaxable.
Corrected the displayed marginal rate for married employees with income below EUR 116,600. Previously, Previously, the displayed rate did not include income splitting.

Greece

Income Tax: Extended the exemption of the special solidarity contribution by one year to include cost estimates with Year Column Label of 2022 and compensation calculations with effective dates in 2022. The top rate of 10% applies to income above EUR 220,000.

Netherlands

Social Security: Corrected employer social security by decreasing the unemployment and disability contributions by 1.5% to 7.7% and 0.5% to 8.9%, respectively. The previous calculation resulted in a maximum overstatement of EUR 1,143.

Russia

Social Security: Increased the social insurance wage ceiling by RUB 54,000 to RUB 966,000, effective January 1, 2021.

Serbia

Increased the following, effective January 1, 2021:

Income Tax:

Average annual salary to RSD 995,808, which increased the following:
Tax bracket thresholds. The threshold for the top tax rate of 15% increased by RSD 516,240 to RSD 6 million.
Personal deduction by RSD 34,416 to RSD 398,323.
Family deductions by RSD 12,906 to RSD 149,371.
Maximum employee and employer voluntary pension deduction by RSD 936 to RSD 72,744.

Social Security: The wage ceiling by RSD 441,600 to RSD 4.9 million.

South Africa

Social Security: Corrected House Sale Closing Costs Home Country to be excluded from the wage base when assignment duration is over 12 months or Assignment Type is Permanent.

Switzerland

Vaud

Income Tax: Corrected the coefficient for single employees used to calculate the dependent exemption. Previously, the exemption was omitted for this population, resulting in a tax overstatement when income was below the eligibility threshold. Single employees with one dependent are eligible to exempt CHF 42,927 if income is below CHF 200,900.

United States

Idaho

Income Tax: Decreased the tax rates, increased the bracket thresholds, and reduced the number of brackets from seven to five, retroactively . The new top rate of 6.5% applies to income over USD 7,939 for single taxpayers.

New York

Income Tax: Made the following changes, retroactively

Added two top tax rates of 10.3% and 10.9% applicable to USD 5 million and USD 25 million, respectively, for all filing status.
Increased the previous top tax rate by 0.9% to 9.7%. This rate applies to income over USD 1.1 million for single taxpayers.
Updated the tax benefit recapture to incorporate the new tax rates.

Venezuela

Social Security: Increased the monthly minimum salary to VES 7 million, effective April 26, 2021, which increased the following wage ceilings. All amounts are shown in millions: