Taxation of Expatriates
With increase in global operations and cross-border transactions, the world has truly become a global village. The multi-national organisations often need to depart their officials to other countries to look after their operations there. Such employees are known as Expatriates in the country they work in and are subject to dual tax laws of country they belong to and the country they work in. This makes their taxation game complex for the organisation they work in as their tax expense is often borne by the company they work for.
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What is Expatriate Taxation?
Expatriate Taxation is the process of determining and planning the tax liability and managing allied compliances of foreign nationals (expatriates). It is quite important to plan it in advance since it pictures tax laws of two different countries on the screen and even a slightest default can land you in international tax courts.
Expatriate Taxation involves determining and structuring the salary and allowances for the expatriate, valuation of perquisites like chauffeur and food and reverse calculation of tax liability. A careful consideration of residency provisions, tax costs, tax treaties and income tax provisions is required before finalising computations for optimum benefits.
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About Aplite
We are a group of Chartered Accountants with a demonstrated history and long work expertise in International Taxation domain. We carry a successful trail of handling complex international tax litigations related to high-net worth individuals and expatriate clients. Aplite has managed to maintain its position in the industry and be the first choice for all its clients.
Aplite maintains highest level of integrity and perseverance and serves all it’s clients with full commitment and zeal. Ours is a step-by-step approach and we proactively anticipate the future course of action in order to guide our clients better. With global footprints, we serve all your local and cross-border needs with 360-degree view.
Till date, Aplite has rendered its services to more than 500 expatriate clients and numerous multi-national entities. We cover all the services and assistance from top to bottom you will need in relation to your expatriates. Not only expatriates, we help you in fulfilling your own compliances as well that your are subject to as employers of foreign nationals.
Advantages of Expatriate Tax Planning with Us
- Planning the arrival and departure of the foreign employee in the country as it affects tax residency, which in turn affects tax liability.
- Assistance with arrival formalities like registration with Foreigner Regional Registration Office (FRRO), Permanent Account Number (PAN) application.
- Planning of own tax liability and salary business expense in advance in order to optimise overall tax liability.
- Determining salary tax deduction at source (TDS) and related compliances.
- Assistance in drafting and formulation of employment contract of expatriates.
- Avoidance of international tax disputes and litigations.
- Planning the departure of expatriate and getting No-Objection Certificate (NOC) or the Income Tax Clearance Certificate (ITCC) from the Tax Department.
- Determining retirement benefits and related tax planning.
Contact Us
Call our team today or book an appointment with us and we will take it from there.