Homeshoring - navigating the new normal

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:

Business continuity

Business continuity

Talent Management

Talent management

Safety and well-being

Safety and well-being

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.

PwC's Webinar on Homeshoring - Navigating the New Normal

Date: Wednesday, 27 October 2020
Time: 6 pm – 7 pm (IST)
Duration: 60 minutes

Click here to register for the webinar

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.

Click here to register for the webinar

Speakers include:

Vikram Doshi Partner Tax and Regulatory Services, PwC

Vikram Doshi
Partner
Tax and Regulatory Services, PwC

Sundeep Agarwal Subject matter expert

Sundeep Agarwal
Subject matter expert

Natalie Thompson (UK - Tax) PwC UK | Senior Manager

Natalie Thompson (UK - Tax)
PwC UK | Senior Manager

Charlotte Walter (UK - Tax) PwC UK | Global Mobility IME

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

social security obligations

permanent establishment

permanent establishment

exchange control regulations

exchange control regulations

employment contracting

employment contracting

attribution of profits

attribution of profits

attribution of profits

assignment costing on compensation and benefits

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