In today’s technological world, it is easier than ever for businesses to participate in the global economy through the use of business travelers, international assignments, remote workers, or one-way transfers. However, international tax compliance for cross-border employees can present unexpected challenges for both the employee and the company. Even a single day of work in a foreign location can trigger complex tax filings for the individual, as well as tax reporting and withholding obligations for the company in the Home and Host countries. Failing to comply with these obligations can have serious consequences, such as unexpected tax bills, increased audit costs, financial penalties, and legal and reputational risks for the company and the employee.
Looking for something specific?
Our 12th annual Beards and Braids for Busy Season (BBFBS) campaign is officially underway!
What started as a fun way to break up the busy tax season has grown into a cherished tradition of supporting non-profits worldwide. To date, our annual BBFBS campaign has successfully raised over $46,000 for organizations such as Canines for Disabled Kids, International Rescue Committee, Move For Hunger, and No Kid Hungry.
Managing Global Mobility Risks and Optimizing Your Employee Mobility Program
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.
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.
At GTN, we are committed to being more than just an industry leader; we strive to be a catalyst for positive change in the communities we serve and beyond. Our dedication to social and environmental responsibility is embedded in the core of our company culture, aligning with the values we share with our clients, colleagues, and employees. We believe this commitment is not only a reflection of our values but a critical part of our role in shaping a better, more sustainable future.
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.
Join us as we look back on the impactful initiatives we supported this past year.
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.
