International trading groups which have staff working on assignment away from their home country will understand the benefits to be gained from supporting their employees whilst in their temporary working location and ensuring they are free to concentrate on their work.
One of the ways in which the employer can help is by relieving the employees of the problems they might otherwise encounter when they come up against the tax and social security systems of the country to which they have been assigned. Compliance obligations differ considerably country to country and careful planning can minimise the associated liabilities for both employees and employers.
With a global network of expatriate tax specialists, Baker Tilly International provides international trading groups with a full spectrum of technical and practical advice in looking after the needs of their staff working away from home, wherever they are located. Some of the ways in which we can help include:
- Entry interviews to familiarise newly arrived expatriates with the tax and social security systems in their temporary home, to explain how they will be affected by the systems personally and to advise on any personal financial planning measures from which they might benefit
- The preparation of tax returns for expatriates for the duration of their secondment
- Dealing with any other filings with which they will need to comply during their stay
- Exit interviews at the end of the secondment, to tidy up any loose ends.
Our specialists also provide expert advice to employers directly on expatriate related matters, for example on:
- Preparing letters of assignment for employees moving abroad
- Adjusting stock option plans so as to reflect periods of foreign service
- Adjusting company pension plans similarly
- Payroll implications of employees moving abroad.