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Multinationals everywhere have embraced remote work, but the practice comes with risks, particularly if you pay workers across borders. With remote work, your organisation may trigger compliance obligations related to corporate tax, social security, work permits, insurance, data transfers and more. You may also need to revise your compensation and other policies.
On 24 December 2020, just days before the end of the Brexit transition period, British and European Parliaments ratified the EU-UK Trade and Cooperation Agreement.
Singapore employers must report their employees’ remuneration in accordance with the country’s Income Tax Act. Unfortunately, reporting income is not always a straight-forward exercise, particularly when an employer has implemented comprehensive employee-compensation programmes.
“Nobody got fired for hiring IBM,” is an old saying that speaks to corporate risk aversion and the importance of reputation when choosing a vendor, among other things.
If your organization sends employees abroad, you need to understand what a shadow payroll is and how it works.
Canada is one of the world’s most attractive destinations for companies looking to expand internationally. The country benefits from a highly educated workforce, stable political environment and welcoming culture. And the World Bank’s most recent data ranks Canada an impressive third globally for starting a business.