Managing the Global Mobility Function 2012: Now Available
Tag Archive
Australia: Parliamentary Committee Recommends Changes to LAFH Reform
On 15 August 2012, the House Standing Committee on Economics presented its “Advisory report” following its inquiry into Schedule 1 of Australia’s Tax Laws Amendment (2012 Measures No. 4) Bill 2012, which relates to changes to the taxation treatment of living-away-from-home (LAFH) allowances and benefits.1 The legislation was introduced to the House of Representatives... »
India – Social Security Agreement Signed with Finland
Recently, India signed a social security agreement (‘SSA’) with the Republic of Finland. SSAs like this one with Finland generally help foster cross-border business activity engaged in by multinational employers and their globally mobile employees by preventing double social security contributions and the loss of social security benefits. Key Benefits of Agreement The SSA... »
Australia: Legislation Tabled on Reform of Living-Away-from-Home Regime
On 28 June 2012, Australia’s federal government introduced the Tax Laws Amendment (2012 Measures No.4) Bill 2012 to the Parliament and released the accompanying explanatory memorandum (EM) outlining the legislative changes to the living-away-from-home (LAFH) regime. One key difference is that the legislation states the changes will now apply from 1 October and not... »
Australia: Living Away from Home to Become More Expensive for Expatriate Employees
On 8 May 2012, as part of the 2012/2013 Federal Budget1 announcements, the government provided further details about the reform of Australia’s living-away-from-home (LAFH) regime. The changes will significantly limit the availability of LAFH benefit tax concessions for foreign nationals who are working on temporary assignments in Australia. The changes to the LAFH regime... »
Finland: Applying Special Expatriate Tax to Equity Incentives Benefits
Finland’s Supreme Administrative Court (Korkein hallinto-oikeus, hereinafter “SAC”) confirmed in its recent decision (KHO 9.12.2011/3521) that certain equity incentive benefits are subject to the special expatriate source tax instead of progressive standard tax rates. Background Finland has a special expatriate tax regime for foreign experts (Act on Source Tax of Foreign Salary Recipient 18.12.1995/1551).... »
Australia: Plans for Living-Away-from-Home Benefit
The Australian government proposes1 to introduce the following measures to address the use of the tax exemption for living-away-from-home (“LAFH”) allowances and benefits: • access to the tax exemption for temporary residents (foreign nationals on a temporary visa) will be limited to those who maintain a residence for their own use in Australia, in... »