The trend towards globalization has led many organizations to look beyond their current horizon and to seek new areas for development.
The trend towards globalization has led many organizations beyond their current horizon.
This poses new challenges, both within their home country’s boundaries and also abroad: be it in the Balkans, the CEE region or on a more global scale. For multinationals this has led to an increase in the size and scope of their global workforce as well as to a need for the latter’s effective management. For local companies, it has become a challenge to improve efficiency of local activities and cost effectiveness in order to protect their market share from global entrants.
These factors have led to the destruction of the common misconception that personal income tax is only about preparation of tax returns and calculation of monthly tax liabilities on salary payments. Meeting compliance obligations is of course the primary target of companies but a more effective and efficient method may be sought by:
Where international assignments are in place, a more comprehensive approach is sought to ensure that the inbound or outboundexpatriate is fully aware of their situation in the country even before their assignment has started by organizing pre-departure and post-arrival meetings, giving access to technology tools providing the easy and user-friendly way for
information collection purposes, taking care of correspondence with the authorities. Thus, expatriates have the confidence that their obligations are timely and accurately met, while companies ensure employee compliance with the legislation and, at the same time, build an image of a caring and supportive employer.
Globalization, on the other hand, has also raised important issues with potentially complicated local implications for both companies and their employees such as secondments and bilateral social security cross-border cases.
How can KPMG be of assistance to you or your business?
We have the knowledge, the people, experience and technology to assist in all personal income tax and social security matters you may face either locally or internationally. Our world-wide network of member firms is a significant advantage to ensuring that you or your business are able to observe the international perspective/effects from your activities.
As part of our service portfolio we offer to assist you with the following:
What would your benefit be?
At KPMG, we pride ourselves not only on the in-depth knowledge of our firm's tax professionals, but also on the ability of our people to think beyond and be proactive. Thus, when you choose us as your service provider, we believe we can assist towards achieving the following benefits for you and/or your business: