What will our post-pandemic working life look like? The debate between Working from Home (WFH) and Working from Office (WFO) continues to rage.
Some companies are adding the perk to remote work from other countries, if the worker so chooses.
According to a recent article from Bloomberg, this adds another layer of complexity: taxes.
A quick list of the points impacting both the remote worker and his/her employer.
-remote work from another country may cause the employee to be liable for taxes in that country
-you may have to fill in a tax return in that country, in a language you are unfamiliar with
- even if your home country has a tax treaty with the country you are working from, you may have to pay first and claim the refund later
-tax treaties are usually applied to country to country taxes, not city/state taxes. This includes social security liabilities which you may not be able to avoid.
-the employer may be liable for local corporate taxes if too many employees remote work from the same foreign country
This will probably result in an uptick in business for HR consultancies.
A Happy Father's Day to all readers
Comments
Post a Comment