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What to look for when your client has an international workforce

Published on 01 Oct 12 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

In the context of today’s increasingly competitive marketplace, which demands a globally competitive and mobile workforce, employers and employees are faced with a range of taxation issues relating to assignees who enter Australia from overseas (“inbound assignees”) and assignees who depart Australia to work overseas (“outbound assignees”). In addition to this, recent changes to tax legislation, including foreign exempt income provisions and proposed changes to living-away-from-home benefit provisions, are having a significant impact on Australian employers and their management of inbound and outbound assignees.

This article discusses relevant tax rules impacting inbound and outbound assignees and their employers, including employer obligations relating to PAYG withholding, payroll tax, superannuation guarantee, fringe benefits tax, proposed living-away-from-home benefit changes, relocation policies, bonus sourcing, and employee share scheme income, and the impact of changes to the rules about the exemption for foreign employment income derived by Australian residents.

Author profiles:

Daniel Hodgson

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Ben TRAVERS
Ben is a Manager in the Employment Taxes Group within KPMGs Sydney taxation division. The Group focuses on advising on salary packaging and fringe benefits tax issues, and also provides assistance on employee share and option schemes, payroll tax, PAYG issues, termination payments and superannuation. Ben consults to a wide group of clients across many different industries including finance, construction, energy and natural resources, communication, property, entertainment, transport and government. Ben has advised some of the worlds largest multinational corporations on FBT issues.
Current at 7 December 2005
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