Improvements in technology have made it easier than ever for companies to account for employees operating in overseas locations. The reduction in technological barriers has also made it possible for businesses to take advantage of a telecommuting workforce, located in both their Home country and overseas. The convergence of the two trends has resulted in an increasing number of companies discovering that they must now address the tax and payroll compliance issues that result from employees operating outside of their Home country.
New technologies and improved communications have made it easier than ever for businesses to participate in the global economy through the use of business travelers, international assignments, or permanent transfers. However, tax compliance for overseas employees can create unexpected challenges for both the employee and company. Working in another location for as little as one day can create tax filings for the individual, as well as tax reporting and withholding obligations for the company in the Home and/or Host location. Failing to comply with those obligations can lead to unexpected tax bills, increased audit costs, financial penalties, and legal and reputational risks for your company and the employee.
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