Read the latest issue of Mobility Matters - When Home is Where the Visa Is, Don't Forget Taxes are Global
There may come a point in time where a foreign national employee’s visa has to be renewed or it is desirable to change the employee’s visa status (e.g., L-1A to L-1B or J-1 to H-1B, etc.). While they are navigating immigration/visa process, the author, KPMG’s Deepa Venkatraghvan tells us, U.S. employers can find themselves faced with situations where they may consider temporarily relocating the foreign national employee outside the U.S. until the employee has secured the requisite visa or work permit. In doing so, however, they may sometimes forget the tax consequences. In this article, we consider the tax and other challenges that companies face when handling employee relocations in light of visa renewal and change of visa status applications and what “red flags” and options program managers can consider when offering such relocations. Read more...
- April 2018 - FBAR update: No new rules but enforcement looms.
- October 2017 - Are Companies with U.K. Operations Up-to-Date with the U.K.’s Expenses and Benefits Rules?
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