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Employers beware: Are you recording all expat employee remuneration?

Ablean Saoud and Daniel Hodgson explain why it is crucial employers track all remuneration paid to inbound assignees.

With the Australian Taxation Office’s (ATO) audit teams issuing notices to Australian inbound assignees for remuneration items reported overseas, it is imperative all remuneration items wherever paid globally are tracked, analysed and reported correctly in Australia.This follows the implementation of the Common Reporting Standard (CRS), which has tax administrations from 65 jurisdictions around the world, actively sharing financial information on individuals.While it may be your employees who...

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Authors: Ablean Saoud, Daniel Hodgson

Published Date: 05 February 2020

 

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