Second quarter salary reports due in July

IMPACT – MEDIUM

What is the change? Reports on the salaries paid to highly qualified specialists during the second quarter of 2017 (April through June) must be submitted between July 1 and July 31.

What does the change mean? The reports are required quarterly, and employers must meet minimum salary payment levels by the end of each quarter.

• Implementation time frame: July 1 and July 31.
• Visas/permits affected: HQS work permits.
• Who is affected: Companies employing highly qualified specialists.
• Business impact: Companies and individual company officials may face fines if they fail to submit the reports on time.
• Next steps: Salary reports may be submitted in-person or mailed to the Ministry of Internal Affairs.

BAL Analysis: Companies should ensure that they submit their quarterly reports on time and that the salaries comply with wage thresholds for HQS workers.

This alert has been provided by the BAL Global Practice group. For additional information, please contact your BAL attorney.

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