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IMPACT — MEDIUM
Reports on salaries paid to Highly Qualified Specialists during the fourth quarter of 2022 (Oct. 1 through Dec. 31) must be submitted by Jan. 31.
BAL Analysis: Companies should ensure that they submit their quarterly reports on time and that the salaries comply with wage thresholds for HQS workers. Failing to pay the minimum salary established for HQS employees can result in a company being banned from employing new HQS employees for two years.
This alert has been provided by the BAL Global Practice Group. For additional information, please contact firstname.lastname@example.org.
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