March

Home / Tolley's Global Mobility: Employment Taxes (Worldwide excluding Europe) /Monthly Updates /2025 / March

Country	New development	Further reading
Australia	On 3 February 2025, the Australian Taxation Office released guidance on employer's obligations during 2025, including various deadlines covering the following: – Super Guarantee (SG) – Fringe Benefits Tax (FBT) – Pay As You Go (PAYG) withholding – Single Touch Payroll (STP)	Write up in progress
	On 29 November 2024, the Australian Taxation Office released a ruling clarifying the tax treatment of bonuses paid to employees in connection with a Share Sale Agreement (the bonus payments are calculated by reference to the long-term returns of the shareholders of the group) and covering whether: – the bonus payments made under the Deferred Bonus Plan would be deductible under ITAA 1997, s 8-1 – the bonus payments would be deductible under ITAA 1997, s 40-880, if the bonus payments are not deductible under ITAA 1997, s 8-1	Write up in progress
Bahamas	On 16 January 2025, the Bahamas Department of Immigration announced adjustments to the expedited rates for Employment and Residence Permits as follows: – Scales 1 through 6: a 10% increase on the Document