A memo has been sent from the Office of the President to the Secretary of Treasury that states if an individual earns up to $104,000 annually, they may elect to defer their FICA payroll tax withholdings from Sept 1 through Dec 31st 2020. Repayment of the taxes would be penalty and interest free. No guidance of…
Canada’s Income Tax deadline for 2019 income taxes has been extended to September 30, 2020. The Canadian Revenue Agency (CRA) and Revenu Québec have extended the income tax payment deadlines for individual, corporation, and trust income tax returns. During the COVID-19 pandemic, the CRA is also offering interest relief on certain outstanding tax debts. The…
The Chinese government announced that it will start taxing overseas expats up to 45% on worldwide income. According to Bloomberg, China tax authorities have begun tracking down some of its citizens living abroad. Expats who have never had to pay taxes on overseas income are being caught by surprise. Although changes to the tax legislation…
The Covid-19 pandemic of 2020 has made a huge impact on the world’s economy, and global mobility is no exception. Employees on short or long-term assignments are having their assignments extended, temporarily returning home, or going to another location. As companies focus on duty of care, tax assistance is one of the areas in which…
Companies face the challenge of shaping their organization to meet the demands of a growing multi-national workforce. The structure and management of global payroll is one of these challenges. Global payroll delivery and reporting is complex and exposes the organization to difficult operational processes, international payroll laws, local tax laws, and multi-cultural compliance. The ever-changing…
Through our broad and diverse client base, Servicengine has a unique perspective on the mobility industry. These are five Key Mobility Trends that will impact the global workforce and cross-border moves in 2019. 1. Lump Sum and Cash Allowances With the rise of Millennials in the workforce more employees are seeking flexibility and choice. Companies…