KPMG published global survey "Thinking Beyond Bor... | KPMG | RU

KPMG published global survey "Thinking Beyond Borders"

KPMG published global survey "Thinking Beyond Bor...

KPMG's "Thinking Beyond Borders" review sheds light on the risks associated with short-term business trips by company employees to different countries.

1000

Related content

The survey was prompted by the serious increase in recent years in the attention paid by migration and tax authorities in various countries to compliance with relevant legal requirements by company employees visiting those countries on short-term business trips, which has led to additional expenses on paying taxes and fines, and has had consequences for companies' reputations. As a result, employers are having to introduce effective control and planning of foreign business trips by their staff.

KPMG's survey, which covers 63 countries, gives general information on tax and other issues relating to foreign business trips. This information may serve as a starting point for assessing a company's risks associated with staff business trips, and for developing relevant policies and planning, control and management mechanisms.

"This information will be useful for compliance specialists, tax specialists and financial directors at Russian companies that frequently send their employees on foreign business trips, as well as for the equivalent categories of staff at foreign companies and transnational companies operating in Russia," said Donat Podnyek, People Services Director at KPMG in Russia and the CIS. "The consequences of the activities of employees of foreign companies sent on a business trip to Russia are determined on the basis of general regulations, which in certain circumstances may create material risks for the employers of such employees, the host party in Russia, and the foreign nationals themselves."

© 2017 KPMG Audit LLC, the Mongolian member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity.

Connect with us

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.