If your organization sends employees abroad, you need to understand what a shadow payroll is and how it works. The basic concept is relatively simple, and shadow payrolls are great for lowering employer and employee risks. Properly establishing and maintaining a shadow payroll is, however, far from simple. There are countless items to consider, such as whether to implement a tax protection or tax equalization policy, how to calculate hypothetical taxes, the best way to send money across borders and much more.
In this webinar, Katie Davies covers:
- The concept of shadow payrolls and why they’re critical to compliant global operations
- The basics of tax equalization, tax protection and hypothetical taxes
- Common shadow-payroll scenarios using popular host countries as examples