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What to look for when your client has an international workforce

Taxation in Australia | 1 Oct 12
 
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Published on 01 Oct 12 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

In the context of today’s increasingly competitive marketplace, which demands a globally competitive and mobile workforce, employers and employees are faced with a range of taxation issues relating to assignees who enter Australia from overseas (“inbound assignees”) and assignees who depart Australia to work overseas (“outbound assignees”). In addition to this, recent changes to tax legislation, including foreign exempt income provisions and proposed changes to living-away-from-home benefit provisions, are having a significant impact on Australian employers and their management of inbound and outbound assignees.

This article discusses relevant tax rules impacting inbound and outbound assignees and their employers, including employer obligations relating to PAYG withholding, payroll tax, superannuation guarantee, fringe benefits tax, proposed living-away-from-home benefit changes, relocation policies, bonus sourcing, and employee share scheme income, and the impact of changes to the rules about the exemption for foreign employment income derived by Australian residents.

Author profiles

Daniel Hodgson ATI
Dan is the Partner of KPMG’s People Services tax practice in Perth. Dan has 20 years’ experience assisting multinational companies with managing the income tax compliance issues associated with their globally mobile employee populations, as well as providing consulting and advisory services to companies in Australia with regard to executive remuneration and retention strategies and local employment taxes including FBT and payroll tax. Having relocated from the UK, Daniel started his career with KPMG in Sydney in 2002 before relocating with his family to Perth in 2010. - Current at 23 October 2019
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Ben Travers ATI
Photo of author, Ben TRAVERS Ben Travers is the Lead Partner of the International Executive Services practice in KPMG Tax, Melbourne. He has over 12 years specialist experience advising Australian and multinational organisations on a broad range of international tax and assignment policy issues associated with maintaining a global workforce. Ben is actively involved in the interpretation and application of assignment policies, domestic law obligations and Double Tax Agreements. - Current at 01 March 2012
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