Country Head | Chartered Manager, CMgr MCMI | International Expansion | Corporate & Professional Services
The rise of remote work has introduced new challenges for multinational organisations, particularly regarding corporate tax residency and permanent establishment. Key considerations include: 1. Tax Residency: Remote work can affect where an organisation is considered a tax resident, especially if board meetings are held in different countries due to travel restrictions. 2. Permanent Establishment: Long-term remote work across borders can create permanent establishment risks, potentially leading to double taxation and penalties. 3. Transfer Pricing: Adjustments may be necessary if key functions are now performed in different locations. Stay informed to navigate these complexities effectively. #Vistra #RemoteWork #CorporateTax #TaxResidency #PermanentEstablishment #TransferPricing