A new Expatriate Services report is available from the Alliott Group for businesses which need to move employees across geographic borders. Alliott Group member firms worldwide help companies to better manage the mobility process, assess optimum remuneration packages and monitor cross border employment structures and company costs.
The report, published by a leading international alliance of professional services firms, covers 29 countries and provides a reference tool on the mesh of interrelated tax, immigration and employment law issues that will be encountered by an internationally mobile workforce. The 29 jurisdictions covered include Turkey, Australia, mainland China, Hong Kong, India, New Zealand, and Singapore.
Questions covered in the report include:
The necessary formalities and procedures an employer must follow when assigning employees from one country to another
Whether a work permit or visa is required in the host country
Benefits that can be provided to employees and the costs
The impact of an international assignment and relocation on a social security scheme
Conditions and circumstances that enable expatriates to benefit from tax advantages and exemptions in different jurisdictions
The number of days a foreign individual needs to spend in a different jurisdiction to be considered resident for tax purposes?
Luc Lamy, Chairman of Alliott Group’s Expatriate Services Group and a partner at Tax Consult SA in Belgium, comments: “In today’s competitive global business world, employee mobility is crucial. Many governments have been creative in developing ‘impatriate’ schemes that aim to attract senior executives and world class leaders to live and work in their countries. However, to expand abroad successfully, companies need to be able to assign the right people to the right locations at the right time. A full appreciation of the correct tax and legal procedures in different countries will ensure companies and individuals save time and money and avoid the debilitating penalties that make the difference between an international assignment’s success or failure.”
Read the report