When a company sends an employee on a tax equalized assignment, the company, in essence, is agreeing to bear the worldwide incremental tax obligations for that employee associated with the assignment period. However, as countries often have different tax years and laws, the required worldwide tax payments often occur after tax year-end; final tax payments can occur a year or more after the assignment is over.
Help is here! Please complete and submit the form to download our free guide on the tax accrual process. This guide is intended to help your finance and accounting departments determine a process for recording various types of tax payments that may occur during the course of a tax-equalized assignment.
“We established an expat program about six years ago. GTN helped us to create a formal tax policy at the time. Since then, they have assisted us in setting up a proactive schedule to coordinate expat matters through payroll, finance and equity throughout the year.”
HR - Global Mobility Specialist