Commonly applied on dividends, interest and royalties, witholding tax is an amount withheld by the payer when paying a non-resident person, it is then paid to the local tax authority.
As more and more business expand abroad, risks arise that the enterprise will become subject to tax abroad as a result of conducting activities there.
Where a UK employee is seconded overseas, there can be a number of challenges and considerations for the employer to contend with.
Base Erosion and Profit Shifting (BEPS) are planning strategies to artificially shift profits to low, or no tax locations, resulting in little or no tax being paid.
Considering setting up abroad? A checklist of Employment issues, person tax, establishment rules and other tax related thoughts.
There are a number of issues worth considering before setting up a UK business, such as – a branch, LLP or limited company? What filing obligations, etc.