3rd-quarter salary reports due in October

IMPACT – MEDIUM

Reports on the salaries paid to highly qualified specialists during the third quarter of 2018 (July through September) must be submitted in October.

The reports, which employers must complete to show that they have met minimum salary payment levels, are required quarterly. Employers are also required to include copies of their HQS salary reports during the work permit renewal process.

• Key Date: Oct. 1-31.
• Visas/permits affected: HQS work permits.
• Who is affected: Companies that employ 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.

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

Source: Deloitte LLP. Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London EC4A 3HQ, United Kingdom.