COVID-19, current travel restrictions, and government and business shutdowns have certainly made it difficult for many mobile employees to carry out “business as usual.” This can be particularly true for employees that were on a short-term or long-term assignment prior to COVID-19. Because of safety considerations or travel restrictions, two common scenarios that have emerged from the COVID-19 pandemic include:
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Author Brett Sipes
Brett serves as a Managing Director for GTN and has over 20 years of experience in providing mobility tax services. He joined GTN in 2006 and is responsible for providing tax compliance and consulting to mobile employees and their employers. His straightforward and detail-oriented approach to answering complicated tax questions provides mobility program managers with cost-savings and simplified approaches to managing their mobility programs. bsipes@gtn.com | +1.619.758.4083
One of the most unpleasant surprises a global mobility manager may encounter is receiving an unexpected request to pay a large tax payment on behalf of a tax equalized assignee. With the right tax accrual process in place, you can avoid those unpleasant tax payment surprises.
Avoid These Common Mobility Tax Mistakes - Part 2
on December 18, 2019
| By Brett Sipes
|
Mobility Tax
The number of businesses choosing to move employees abroad, as part of their efforts to increase their international presence, is increasing each year. Unfortunately, some businesses are exposing themselves to unnecessary risks when it comes to tax compliance in the Home and Host countries of those employees by failing to have a plan in place to avoid mobility tax problems. Below are five common mistakes made by employers who move employees abroad.
It is not uncommon for businesses expanding their operations across international borders to discover that moving employees abroad has created tax issues—and unfortunately, they often don’t discover this until they receive notice that overseas employees are noncompliant in either their Home or Host country.
