This article was originally published in Corporate Compliance Insights.
As remote work continues to charge full steam ahead, digital nomad visas are popping up at an increasing rate around the globe. These visas allow remote employees to legally conduct business from within countries abroad.
However, HR and other corporate leaders often misunderstand how these visas work — and how little they protect the company from additional tax liabilities. As more countries offer digital nomad visas, HR leaders need to ensure their employees aren’t ignoring the tax implications that arise out of remote work.
To protect against tax violations, fines, audits and reputational damage, HR leaders need to understand exactly what these increasingly popular visas cover and what risks they expose the employee and company to.