Managing the Global Mobility Function 2012: Now Available
Tag Archive
UK Guidance on Unrest in Egypt, Elsewhere and Residence
Due to the political unrest in the Middle East and North Africa, some individuals have been evacuated to the United Kingdom. The U.K. tax authority – Her Majesty’s Revenue and Customs (HMRC) – has issued a statement regarding the impact of the recent situations on their guidance for U.K. tax residence. »
India and ‘X’ Visas
The Frequently Asked Questions1 (FAQ) issued in October 2009 by India’s Ministry of Home Affairs (MHA) on business and employment visas had clarified that the family members of foreign nationals coming to India on a business visa or employment visa may be granted ‘X’ visas (i.e., the entry/dependent visa). »
France and Sourcing of Options in Cross-Border Situation
The French tax authorities have never commented officially on the taxation of a stock option gain when an employee had performed duties in different countries between the date of grant of the options and the vesting date. »
U.K. and Residence Guidance (HMRC6)
On 23 February 2009, Her Majesty’s Revenue and Customs (HMRC), the U.K. tax authority, issued an update to HMRC6 “Residence, Domicile and the Remittance Basis.” The legislative changes that were made to the remittance basis rules in Finance Act 2009 have now been incorporated into “Section 5: ‘The remittance basis’”. »
France and Bank Bonus Tax, Rules for Compensation
In France, a recent Draft Amended Finance Law for 2010 introduces a new tax charge equal to 50 percent of the amount of bonuses and awards paid in relation to fiscal year 2009 by banks and financial institutions – many of which received some government assistance during the financial crisis. The tax applies to... »
Paraguay and Personal Income Tax
Paraguay’s Personal Income Tax (PIT)1 entered into force on January 1, 2010. On December 31, 2009, Decree 3738/092 was issued by the President of the Republic thereby enacting Ley 2421/2004 “De Reordenamiento Administrativo y de Adecuación Fiscal” (law introducing the PIT). »
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... »
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. »