Minimum Wage for Workers in Textile, Garment, and Footwear Industry for 2017 Prakas № 414 dated 29 September 2016
The purpose of Prakas No. 414, issued by the Ministry of Labour and Vocational Training (“MLVT”), is to determine the monthly minimum wage for workers in textile, garment, and footwear industry for the year 2017 to be implemented from 01 January 2017. The monthly minimum wage will be USD 153 for regular workers and USD 148 for probationary workers.
This Prakas also sets out the monthly minimum wage for workers who receive salary based on the quantity of products they produce (i.e. piece work). The salary of a piece rate worker will be determined based on the quantity of products they actually produce provided that their earned salary is not less than the monthly minimum wage mentioned above.
Extension of Period Re-Registration Business Entities in the Automated System Notification №. 3890 dated 14 October 2016
The purpose of this Notification No. 3890, issued by the Ministry of Commerce (“MOC”), is to notify the directors of companies, enterprises, branches, representative offices, subsidiaries, and agencies, which were incorporated prior to 04 January 2016, and have not been registered in the MOC’s automated system in accordance with Prakas No. 300 dated 29 December 2015, that the deadline for has been extended to 31 December 2016.
This notification also emphasizes that after the above deadline, the MOC will notify the Ministry of Economy and Finance (“MEF”) to clear any outstanding tax obligations and commence the applicable legal proceedings against any business that has not complied with the re-registration requirement.
Given the above, the MOC, through this notification, strongly encourages directors of the relevant companies, enterprises, branches, representative offices, subsidiaries, and agencies to commence with the re-registration of their entities in the automated system no later than the stated deadline. Importantly, completing the re-registration process can take some time, and as such, the process should be commenced well-ahead of the stated deadline.
IMPLEMENTATION OF TAX AGENT SERVICE Notifications № 17509 GDT dated 18 October 2016
Per Notification 17509, the General Department of Taxation (“GDT”) informs all taxpayers and withholding tax agents and tax agent service companies that the GDT will start implementing certain tax agent service compliance requirements from 01 January 2017 and all taxpayers and withholding tax agents and tax agent service companies must comply as follows:
*The information provided is for information purposes only, and is not intended to constitute legal advice. Legal advice should be obtained from qualified legal counsel for all specific situations.