Managing the Global Mobility Function 2012: Now Available
Tag Archive
Netherlands and Taxation of Certain Inter-Company Assignees
On January 20, 2010, the Netherlands’ Deputy Minister of Finance issued a decree which potentially impacts inter-company assignments to the Netherlands. According to the new decree, employees of foreign companies who are resident in a tax treaty country and are assigned to the Netherlands within an international group, are exempt from Dutch personal income... »
Japan’s Tax Reform Proposals
The Japanese government released an outline of the 2010 tax reform proposals (the “Proposal”) on 22 December 2009. Although the Proposal itself is only an indicative outline and is unclear with respect to some of the contemplated changes, we have set out below the principal measures affecting individuals. »
US: Connecticut’s New 14-Day Withholding Tax Rule for Nonresident Employees
On December 2, 2009, the Connecticut Department of Revenue Services issued an announcement to notify employers of a new withholding rule applicable to nonresident employees. Effective immediately, an employer is not required to withhold Connecticut income tax from compensation paid to a nonresident employee as long as the employee is assigned to a primary work... »
Greenland Mulls Bill with Flat Rate Tax Regime for Foreign Employees
On 6 January 2010, in Greenland, a draft bill was tabled that aims to simplify the conversion of enterprises that are subject to limited tax liability to fully taxable companies and to change the rules for taxation of license transfers ("farm out"). The draft bill (also called the “proposed Act”), which also includes new... »
Belgium May Tax Certain Pensions to Nonresidents
The importance of cross-border issues related to pensions is heightened when dealing with internationally mobile employees. Situations where an individual residing in country X receives a pension resulting from an employment in country Y, paid by an enterprise established in country Y – or even in country Z – are not unusual. »
Czech Republic: IES Developments: Social Security Premiums, Tax Payment Dates
There have been some recent tax and social security developments in the Czech Republic which may impact individuals and their multinational employers. »
UK: Non-Compliant Employers with Arriving and Departing Employees
The United Kingdom’s HM Revenue and Customs (HMRC) announced in the September 2009 issue of its publication, Employer Bulletin, that penalties will be imposed on employers that fail to correctly notify HMRC of their starters and leavers. The requirements – highlighted briefly below – can apply not only to British citizens resident in the... »
Sweden: 2010 Budget
On 21 September 2009, Sweden’s finance minister presented the budget for 2009 to the Riksdag1 (the parliament). We summarize some of the key proposals affecting individuals and their multinational employers below. Personal Tax Rates/Brackets (Employment Income (including pensions)) 2010 SEK % Residents 0-372,100 30 0-372,101 – 532,700 50 Over 532,700 55 Non residents 25... »
Singapore: Tax Developments
The Inland Revenue Authority of Singapore (IRAS) has announced that the Auto- Inclusion Scheme (AIS) will be expanded to include employers with 50 or more employees from the Year of Assessment (YA) 2010 (calendar year 2009). IRAS first implemented mandatory AIS from YA 2009 starting with employers that employ 100 or more employees. (For... »
Canada: Tax Authority Tweaks Taxation of Employee Benefits
The Canada Revenue Agency (CRA) recently released Income Tax Technical News (ITTN) No. 40, which deals with administrative policy changes for taxable employment benefits, including over-time meals and allowances, employer-provided motor vehicles, and non-cash gifts and non-cash awards. (All dollar figures expressed are Canadian dollars.) »