The Tax Cuts and Jobs Act went into effect on January 1, 2018, and made significant changes to the nation’s tax code, reducing tax rates, increasing the standard deduction and limiting deductions for property taxes.
As the only relocation management company with its own fully-integrated expat tax practice, we take great pride in our ability to keep clients updated on the latest tax rulings and ramifications, especially as they relate to workforce mobility.
Weichert Workforce Mobility Inc., one of the world’s leading providers of corporate mobile workforce solutions, today announced that it has established a wholly-owned tax subsidiary, Weichert Mobility Tax Services, Inc.
Under Canadian tax rules, non‐resident companies who send their employees to Canada are required to comply with a substantial administrative burden. This applies even if the employee is in Canada for a relatively short period of time.
Remaining compliant with international tax regulations and satisfying the global tax obligations of their mobile workforces pose significant challenges for most multinational corporations, and the stakes for non-compliance are getting higher.