23.03.2020

Global Mobility Newsletter now available

An overview of recent or expected changes in the area of Global Mobility in different countries

We are pleased to present the WTS Global Mobility Newsletter for Q1 2020. The Global Mobility environment is changing in a dynamic way. Therefore in order to keep you up to date, our WTS Global Mobility Newsletter provides you with an overview of recent devel-opments in 11 selected EU and third countries.

Austria saw the introduction of a new wage tax withholding obligation for foreign compa-nies effective 1 January 2020 – similar to the French system which came into force last year.

In this issue we report on significant changes for non-resident employees in Germany also applicable from 2020 onwards. We provide information about the new tax exemption for young professionals in Poland, as well as a social contributions relief for young people of excellence in Italy.This newsletter reports on recent developments regarding Belgians working in Luxembourg, as well as new tax residency criterion for major companies’ corporate executives in France.

Furthermore, the consequences of the EU Posting of Workers Directive are shown from a Dutch perspective, since new rules came into effect 1 March 2020 in The Netherlands.In China several announcements concerning 2019 individual income tax (IIT) annual filing were published by the authorities, including some beneficial tax policies to support the prevention and control of the coronavirus pneumonia (COVID-19) epidemic.

Finally, this newsletter includes an update about new tax brackets and rates in Turkey (including an obligatory income tax return filing for specific employees) and Costa Rica(including increased Social Security Charges) – as well as major amendments affecting individuals’ taxation in the Ukraine.We hope you find our newsletter useful, and we welcome your feedback and suggestions.Our experts at the WTS Global Mobility team will be happy to answer any questions you may have regarding any aspect of this newsletter.

The full document can be viewed here.

WTS Global Mobility Newsletter #1/2020

Brief overview of recent or expected changes in the area of Global Mobility in 11 selected countries

View publication

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Switzerland will implement the BEPS 2.0 Pillar Two minimum taxation by introducing a new minimum tax at the federal level.

Implementation of OECD minimum tax rate in Switzerland

We are delighted to announce that Roland Holz, Partner at WTS Germany, has been appointed as new Head for the M&A WTS Global Service Line.

Press Release: Roland Holz becomes new Global M&A Head

Recently the US corporate alternative minimum tax (AMT) was resurrected by the Inflation Reduction Act of 2022. It is structured in a significantly different way than the previous one and only applicable to select corporate taxpayer’s. Meanwhile it is still unclear how the US AMT will interact with the OECD Pillar Two rules.

The US corporate alternative minimum tax in light of the Pillar Two rules

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