Global Mobility News

NAMIBIA: Overview of tax system

NAMIBIA: Overview of tax system

April 14:  The Namibian tax system is source-based. Any amount of cash received by or accruing to any person from a source within (or deemed to be within) Namibia is subject to tax in Namibia, unless the receipt is of a capital nature. Taxation of international assignees The Namibian tax system is source based.... »

NIGERIA: VAT schedules for each state now required

NIGERIA: VAT schedules for each state now required

April 14:  Nigeria’s Federal Inland Revenue Service now requires companies operating in multiple locations and that file their value added tax (VAT) returns centrally to comply with the attribution principle. In other words, taxpayers now must submit supporting schedules showing the VAT attributable to... »

UNITED KINGDOM: Consultation Published on Taxing Nonresidents’ Gains on Property

UNITED KINGDOM: Consultation Published on Taxing Nonresidents’ Gains on Property

The U.K. government has published its plans to make gains made by nonresidents on U.K. residential property subject to capital gains taxation from April 2015 in a comparable way to U.K. residents. Following up on a commitment made in the Autumn Statement, the U.K.... »

SWITZERLAND: Court Makes Landmark Decision on Inter-cantonal Taxation of Employment Income

SWITZERLAND: Court Makes Landmark Decision on Inter-cantonal Taxation of Employment Income

The Swiss Federal Supreme Court ruled on 29 January 2014, that the current system of inter-cantonal allocation of income taxes of Swiss resident taxpayers who are subject to wage withholding taxes is in violation of the provisions of the free movement agreement with the... »

UNITED KINGDOM: Important Changes to Form 42 Filing, Upcoming Deadlines

UNITED KINGDOM: Important Changes to Form 42 Filing, Upcoming Deadlines

Companies have until 6 July 2014 to submit Form 42, the U.K. tax return for unapproved employment-related share incentives, in respect of any reportable events for the tax year ended 5 April 2014. Additionally the U.K. is ending paper reporting in respect of share... »

SINGAPORE: R&D and Claims for Innovation Credits

SINGAPORE: R&D and Claims for Innovation Credits

April 3:  The Ministry of Finance in Singapore is reviewing the guidelines as to what constitutes design or research and development so as to encourage greater participation in the productivity and innovation credit (PIC) program. The review is being conducted in light of data... »

CHINA: Customs Valuation Rules are Updated

CHINA: Customs Valuation Rules are Updated

April 3: Guidance released by China’s General Administration of Customs aims for greater transparency, standardization, and predictability of customs valuations. The guidance (effective in February 2014) relating to the dutiable value of domestic sales concerns: Domestic sales of bonded goods by import-processing businesses outside... »

UNITED KINGDOM: Several Measures in Finance Bill Affecting Globally-Mobile Workforce

UNITED KINGDOM: Several Measures in Finance Bill Affecting Globally-Mobile Workforce

On 27 March 2014, the U.K.’s 2014 Finance (No. 2) Bill (“FB 2014”) was published embodying measures announced in the Budget which come into force between Budget day and 5 April 2014 (or during the 2014/15 tax year). Publication of a number of relevant... »

UNITED STATES: IRS Guidance on Sec. 911 for Four Countries

UNITED STATES: IRS Guidance on Sec. 911 for Four Countries

On March 24, 2014, the U.S. Internal Revenue Service (IRS) released an advance copy of Rev. Proc. 2014-25, which concerns individuals who failed to meet the eligibility requirements of either the bona fide residence test or the physical presence test under U.S. Internal Revenue... »

UNITED KINGDOM: Amended Legislation to Prevent Tax Avoidance Using Dual Contracts

UNITED KINGDOM: Amended Legislation to Prevent Tax Avoidance Using Dual Contracts

The U.K. Finance Bill 2014, published today, includes provisions aimed at preventing the avoidance of income tax by a small number of non-U.K. domiciled individuals who work under arrangements commonly known as “dual contracts,” as had been previously announced in the Autumn Statement 2013... »

UNITED KINGDOM: A Welcome Deadline Extension on Software Compliance for RTI

UNITED KINGDOM: A Welcome Deadline Extension on Software Compliance for RTI

The U.K. tax authority has extended the deadline for employers to update their software and be compliant with the Real Time Information system. When an employee is subject to withholding taxes (“PAYE”) on earnings in the U.K. but is also subject to mandatory withholding... »

SOUTH AFRICA: Tax proposals in 2014 budget

SOUTH AFRICA: Tax proposals in 2014 budget

South African Finance Minister Pravin Gordhan delivered his 2014 Budget Speech on 26 February 2014. Among the general corporate tax proposals in the budget are measures to: Limit interest deductions for reorganizations and acquisitions Address the refund mechanism for non-cash dividends Provide changes to... »

ITALY: 20% Withholding on Transfers from Foreign Banks Suspended

ITALY: 20% Withholding on Transfers from Foreign Banks Suspended

A 19 February 2014 communication from the Italian Finance Ministry publicly announced an immediate suspension of the 20-percent withholding tax to be applied by Italian Intermediaries on funds received in Italy by tax resident individuals from foreign bank accounts. A subsequently issued provision by... »

SWITZERLAND: Voters Approve New Immigration Restrictions

SWITZERLAND: Voters Approve New Immigration Restrictions

With a narrow majority of 50.3 percent, Swiss voters decided to add a new article to the Federal Constitution that re-introduces immigration quotas in regard to all types and categories of Swiss residence and work permits. According to a 9 February 2014 press release... »

ROMANIA: Updated Rules Governing Deductibility of Social Contributions

ROMANIA: Updated Rules Governing Deductibility of Social Contributions

Romania’s Fiscal Code has been updated such that monthly mandatory social security contributions due in other states and paid by taxpayers subject to Romanian taxation, according to European Union (EU) regulations or bilateral conventions / agreements on the coordination of social security systems, are... »

UNITED STATES: Deadline Coming Up for H-1B Visa Petitions for 2015

UNITED STATES: Deadline Coming Up for H-1B Visa Petitions for 2015

Employers that engage foreign workers coming into the United States on H1-B visas are reminded of the rapidly approaching April 1, 2014 “deadline” for the filing of H-1B visa petitions for Fiscal Year 2015. Petitions for the new fiscal year, which starts on October... »

CANADA: Tax provisions in 2014 federal budget; BEPS consultation

CANADA: Tax provisions in 2014 federal budget; BEPS consultation

February 11: Canada’s Finance Minister today delivered the government’s 2014 federal budget. The budget is focused on job creation, innovation, and infrastructure, and includes a number of tax measures aimed at “closing tax loopholes” in line with the government’s continued focus on tax fairness... »

UNITED KINGDOM: Details Published on Preventing Use of Dual Contract Arrangements

UNITED KINGDOM: Details Published on Preventing Use of Dual Contract Arrangements

The United Kingdom is implementing new rules that will make it more difficult to use “dual contract” arrangements to lower the U.K. income tax liability of certain foreign nationals. Last week, HM Treasury and HM Revenue & Customs (HMRC) published draft legislation and a... »

EUROPEAN UNION: New Social Security Practical Guidance Issued

EUROPEAN UNION: New Social Security Practical Guidance Issued

On 13 January 2014, the European Commission published a practical guide1 on the ‘Habitual Residence Test’ to help European Union (EU) member states2 apply EU rules on the coordination of social security. Why This Matters This guidance brings useful clarity for employers with assignees... »

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