Global Employer Services in Tax and Legal blog
Global Workforce webinar on 8 February 2022: The evolution of Global Mobility
Join our Global Workforce webinar on ‘The evolution of Global Mobility’ taking place on Tuesday 8 February 2022 from 08:30 to 10:00 CET. The webinar will provide insight into how Global Mobility programmes are transforming with the help of technology.
Good news! As of 1 January, reporting of deemed income for employees with company cars just became easier.
As of January 1, 2022, deemed income for personal use of a company car will be increased from 0.8% to 0.9% per month of the acquisition price of the car, excluding VAT. Employers will no longer need to declare the percentage of external service in the salary certificate and company car beneficiaries will not have additional taxable income added to their tax assessments over and beyond the 0.9%.
This change is basically good news for employers and employees alike since it will simplify payroll reporting and prevent surprises when receiving final tax assessments.
New webinar date - Practical implications on the Pillar 1 & 2 policy solutions developed by the OECD
The much anticipated, updated model rules relating to Pillar 2 have now been published by the OECD on Monday, 20 December. With this in mind, we are excited to announce that our Pillar 1 and Pillar 2 webinar will take place on Wednesday, 12 January from 16:00-17:30.
OECD GloBE update - Overview of the key parameters of the model rules
On 20 December 2021, the G20/OECD Inclusive Framework on BEPS ("inclusive framework") published Tax Challenges Arising from the Digitalisation of the Economy Global Anti-Base Erosion Model Rules (Pillar Two) ("model rules"). This follows on from the Statement on a Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy, agreed by more than 135 of its members on 8 October 2021.
Since 2017, the 141 member countries of the inclusive framework have developed a "two-pillar" approach to address the tax challenges arising from the digitalization of the economy: addressing nexus and profit allocation challenges ("Pillar One") and global minimum tax rules ("Pillar Two").
The long-awaited model rules provide more clarity on the future of a global minimum tax rate. Although the model rules have now been published and confirm the key parameters, further clarification on certain aspects is still required. Additional details shall be provided in a commentary that is expected to be published by the OECD by the end of January 2022.
International social security update - Switzerland
Considering the ongoing COVID-19 crisis and its consequences in terms of working patterns for cross-border commuters, the Swiss social security administration communicated that the current “flexible approach” for the social security coordination rules for cross-border workers will be extended into 2022.
Switzerland Social Security: Contribution rates as of 1 January 2022
The Swiss social security contributions as of 1 January 2022 remain unchanged in comparison to 2021.
Who needs expats?
Our response to the Economist article ‘Who needs expats?’ published on 18 September 2021.
Global Mobility Trends Report - 2021
Not least of all due to the significant changes heralded by the COVID-19 pandemic, the world of work has been disrupted and new business and organisational models and patterns are emerging. This is particularly so in the area of global mobility.
Deloitte has carried out keynote research, interviewed global talent leaders and analysed boarder business and human capital developments in reaching the insights incapsulated in our Autumn Global Mobility Report 2021.
Join the virtual Immigration Academy on 2 November 2021
Join this year’s virtual Immigration Academy on Tuesday, 2 November 2021 from 2 p.m. to 4 p.m. The workshop will provide updates and discuss the latest developments in the field of immigration and remote working.
Brexit: Switzerland and the United Kingdom provide insights into recently negotiated bilateral Social Security Convention
On 11 August 2021 the Swiss Federal Council approved a new social security convention between Switzerland and the United Kingdom. It was officially signed by the Federal Council on 9 September and its provisional application was accepted by the Swiss parliamentary commissions. It is intended to apply this new convention provisionally from 1 November 2021, subject to the approval of the UK competent authorities. The new convention will enter into force definitively once both countries have ratified it.