Payroll for Expatriates
With more and more global businesses establishing their footprints in India, the need for payroll services for expatriate is on rise like never before. Expatriates are citizens of foreign nations who relocate to India as a part of their employment with a global company. Multi-national companies coming to India often bring along employees from their native country as a part of their senior management to benefit from their expertise. Such citizens may receive salary in both the countries and in more than one currency. This creates complexity in their taxation as they fall taxable under tax laws of two countries. Aplite brings its premium expatriate payroll management services as a solution to all these taxation complexities. Let us dive deeper and see how services from Aplite’s professionals is the ultimate solution your business needs:
1. DTAA Advisory: Since expatriates fall under the purview of taxation laws of more than one country, it becomes crucial to undergo the tax treaties signed between India and the country such expatriate belongs to. This process helps in effective planning and framing of salary structure and determining the tax incidence of the income of the expatriate to bring it to the least.
Our professionals at Aplite are seasoned experts of tax treaties with a rich experience and history of delegating successful tax advisory services to international clients. Aplite has been serving global clients and thus, we can guide you upon the best methods to save taxes.
2. Perquisite Valuation: In general, foreign nationals working in India are granted various non-monetary perquisites like rent free accommodation and chauffeur by the companies. Such non-monetary perquisites are considered a part of salary granted by employer to their employees and is taxable. What is challenging is computing their monetary valuation for taxation purposes. Indian tax laws have separate bunch of rules and need to be studied comprehensively to determine correct valuation.
We, at Aplite, are experts in this regard and can help you in arriving at correct valuation. This is extremely important as it can impact tax liability quite heavily and any error can invite tax implications from Authorities.
3. Monthly Payroll Processing: Expatriate salaries are complicated since they involve multiple components falling subject to innumerous taxation rules. To list a few, it involves conversion of salary received in foreign currency to domestic currency, valuation of non-monetary perquisites, calculation of tax deduction at source and impact of other salary components like professional tax.
Aplite offers monthly expatriate payroll processing services wherein our experts handle each and every aspect of expatriate taxation and related nitty-gritties. We also advice you upon how to effectively reduce the tax liability, for both the company and the expatriate.
4. Other Services: Aplite is one-stop solution for all the services related to expatriate taxation. Apart from the services listed above, we offer other services as well like obtaining Income Tax Clearance Certificate (ITCC) or No Objection Certificate, tax litigations, tax advisory etc.
Why Choose Aplite?
Aplite is a team of professionals with global presence and exposure. Our professional are well-versed and experienced in handling complex taxation matters having cross-border implications. Aplite has a successful history in delegating satisfactory services to its global clients with full faith and integrity. We have always been appreciated and regarded by all our clients for our dedicated financial services. So, why wait more? Contact us today!
