Managing the Global Mobility Function 2012: Now Available
Tag Archive
France: Council of State Clarifies Payroll Taxes for Expatriate Employees
France’s Conseil d’Etat (Council of State) has handed down a decision concerning the territoriality principle in respect of the base for payroll taxes, the responsibilities of employers, and the impact of employee cross-border movements.1 Background When sending employees abroad, French employers have two options for providing social protection to their outbound assignees. Employers... »
United Kingdom: Consultation on Offshore Intermediaries and Liability to NICs, Tax
The U.K. tax authorities (HMRC), on 30 May 2013, released a consultation on the use of offshore intermediaries to stop companies using arrangements that remove their liability to pay U.K. Social Security (NIC) and tax. The changes will affect many business sectors operating in the U.K. which will include the health, education, and oil... »
Peru: New Tax Table and Procedures for Approving Immigration Status of Employees
There have been some recent tax developments in Peru that could affect international assignees. We briefly describe these developments in this Flash International Executive Alert. Granting of Immigration Status to Foreign Employees – Procedures Simplified On May 12, 2013, Peru’s Ministerial Resolution N° 089-2013-TR was published in the Official Gazette “El Peruano.”1 It... »
China – Clarifying When Secondment Creates Chinese Taxable Presence
On 19 April 2013, the State Administration of Taxation (SAT) of the People’s Republic of China (PRC) issued Announcement 19 to provide guidance on when cross-border secondments of expatriates by foreign enterprises into PRC may create a PRC taxable presence.1 Announcement 19 is a welcome development for multinational companies (MNCs) doing business in... »
Australia: Government Unveils 2013/14 Budget with Few Measures for Individuals
On 14 May 2013, the Commonwealth Treasurer, the Honourable Wayne Swan MP, delivered the Australian Federal Budget 2013-14.1 In addition, on 13 May 2013, the Treasurer and the Minister for Disability Reform, Jenny Macklin, released draft legislation to enact the proposed increase of the Medicare Levy to fund DisabilityCare Australia, the government’s National Disability... »
Romania: New Rules on Taxing Resident Assignees Overseas
Government Ordinance no. 8/20131 (G.O. no. 8/2013 ) recently modified the Romanian Fiscal Code, significantly impacting Romanian companies with employees assigned abroad. The changes under G.O. no. 8/2013 effectively provide a cash-flow advantage for Romanian companies, making it potentially easier to implement tax equalization policies. Background Before G.O. no. 8/2013 came into force, resident... »
Australia: Tips for Employers in Light of New Data Matching Program
This Flash International Executive Alert discusses the recent release of details on a “data matching” program, which allows the Australian Taxation Office (ATO) to acquire temporary working visa data from the Department of Immigration and Citizenship (DIAC).1 Temporary Working Visas Data Matching Program The program allows the ATO to obtain temporary working visa data... »
Belgium: Social Security Regime Regarding Certain Bonus Plans Modified
Belgium’s social security regime with respect to “collective non-recurrent results-linked bonuses” has been modified as from January 1, 2013. The bonus system, however, remains attractive from the tax and social security perspectives, allowing employers to grant bonuses at limited cost. Collective Bonus Exempt from Tax and Ordinary Social Security Contributions Since January 2008, a... »
United States: President Releases Budget for FY 2014
On April 10, 2013, U.S. President Barack Obama proposed additional tax revenue as a part of his $3.77 trillion budget proposal for fiscal year 2014, including several new proposals. United States – President Releases Budget for FY 2014 by KPMG LLP’s Washington National Tax practice, Washington, D.C. (KPMG LLP in the United States is... »
United Kingdom *Special Report* – More Changes to Statutory Residence Test in Finance Bill 2013
The introduction of a Statutory Residence Test (SRT) in the U.K. with effect from 6 April 2013, has been the subject of a number of previous reports in Flash International Executive Alert. Draft legislation was published in December 2012 (see Flash International Executive Alert 2012-226, 13 December 2012) and, following additional representations made to... »