Organisations target optimising the use of their talent pool available at their disposal across the globe to further their business objectives. Mobility is an important attribute of such utilisation that fuels the growth of global organisations. However, the unprecedented and unfortunate situation arising due to the COVID-19 pandemic has adversely impacted physical cross-border utilisation of their talent pool due to travel restrictions.
Organisations have been forced to look at options of having their mobile employees work from their “home country” to cater to their immediate priorities:
Technology has helped substantially in this regard, and organisations have reaped benefits from their investment in the same. Homeshoring could become the new normal due to the COVID-19 scenario; however, with the advent of Homeshoring, a new set of challenges from tax and regulatory perspectives would arise for expatriate employees and organisations.
We have outlined some of these challenges in the attached document for your consideration. We will be happy to discuss the above aspects over a call.
To know how this impacts your operations, write to your PwC advisor today.
Date: Wednesday, 27 October 2020
Time: 6 pm – 7 pm (IST)
Duration: 60 minutes
The pandemic has hastened a worldwide revolution which we only anticipated to be actualised a decade away. Travel restrictions have impacted the cross-border movement of the workforce and organisations are now utilising homeshoring for their immediate priorities. It is essential for organisations to set up appropriate structures that mitigate the risks related to the aforementioned business priorities and manage the new tax and compliance gaps, as well as optimise the assignment costs.
Join us for a webinar designed to deliberate on the significant tax and regulatory implications arising out of the business models adopted by organisations in the new normal.
Tax and Regulatory Services, PwC
Subject matter expert
Natalie Thompson (UK - Tax)
PwC UK | Senior Manager
Charlotte Walter (UK - Tax)
PwC UK | Global Mobility IME
It is important for the top management to identify the risks related to remote working and consider the aspects related to:
social security obligations
exchange control regulations
attribution of profits
assignment costing on compensation and benefits