Global mobility programs play a vital role in supporting business growth and talent strategies. As companies navigate an interconnected world, the complexities of managing cross-border assignments, transfers, and business travel have grown significantly. Heightened regulatory scrutiny, evolving compliance requirements, and financial pressures continue to push organizations to refine their approaches to managing mobile assignments.
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Tax season can be a challenging time for mobility managers who are responsible for ensuring their globally mobile employees navigate the tax filing processes seamlessly. With complex international tax laws and filings, it's crucial that both employers and employees stay informed and remain proactive when it comes to global mobility tax compliance.
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As we look back on 2024, we are proud of the strides we've made in supporting essential causes that drive real, lasting change. The journey towards a brighter future is ongoing, and we are eager to continue our efforts in 2025 and beyond.
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This article was originally published in Mobility Magazine.
Corporate moves are surging. According to an Atlas Van Lines report, 70% of all companies reported an increase in employee relocations last year. Unfortunately, relocating employees in the US or abroad could require tax obligations that not all HR and mobility professionals are prepared for.
What’s more, many leaders often assume their relocation management company (RMC), mobility tax provider, or local payroll provider will automatically handle tax compliance for their domestic and international moves. That’s not always the case. This article will look at the common misconceptions about relocation tax compliance and lay out tips to help your team avoid tax violations and maximize tax savings for moving expenses.
As we look back on 2024, the global mobility industry experienced many changes, including an increase in countries implementing digital nomad visas, updates to tax treaties addressing cross-border employment complexities, and enhanced scrutiny on compliance worldwide. Additionally, technology advancements streamlined reporting processes, and organizations placed a greater emphasis on supporting their remote workforce with tailored benefits.
If your company has tax equalized assignees, you may have heard from employees who’ve received unexpected tax bills, have yet to settle their tax equalization payments, and/or are confused about how their tax liabilities were calculated. If any of these rings a bell, now is the time to re-examine the hypothetical tax positions for your mobile employees.
