Reputational risk and costs are high if not managed proactively
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Reputational risk and costs are high if not managed proactively
Immigration, corporate and individual tax considerations vary by country
Employees work in foreign jurisdictions while maintaining tax residency in their home country
Host countries have various tax reporting requirements and obligations which can cause significant administrative and tax burdens on the company, who may be unaware of their exposure to penalties and other regulatory risks.
RSM understands the challenges companies face tracking global business travelers and employees working remotely overseas. There is no one-size-fits-all solution. Having a foundation of key aspects to consider when sending employees overseas on short-term assignments, by country, can take considerable resources and time.
If you are sending employees to jurisdictions outside the United States, the following country-specific guides provide you, and your employees, with baseline information and insights before they arrive:
Short-term business travelers (STBTs) can trigger unexpected tax reporting obligations, for themselves and employers. STBTs are generally employees who work in another tax jurisdiction for a short period of time while maintaining tax residency in their home country. When sending employees on a short-term assignment, make sure to review the following areas: