Managing an expatriate workforce has become increasingly complex and time consuming. The challenge faced by most MNCs today in moving people across borders is how to ensure tax compliance when relocating employees to another tax jurisdiction. Besides having to grapple with the issue of attracting, motivating and retaining talents in a highly competitive business environment, MNCs have to consider how to minimize the tax risks and costs of employment.
At RKT Tax Consultants Sdn Bhd, our team of dedicated and experienced professionals will ensure that right solutions are provided to the clients. With in - depth knowledge and understanding of the various issues, our team is able to provide customized plans that suit your specific needs and assist the expatriate and HR department to minimize their time and cost in tax compliance.
Our experiences and track records
Our success is largely due to our focus on the specific needs of clients and placing our clients as the most important element in our business.
Companies which have engaged us to provide tax services to their expatriate employees and to assist the Human Resource Department on the tax issue arising from their international secondment programmes include :-
- A leading telecommunication company in Malaysia.
- Operational headquarters of Multinational Companies.
- A British Education Centre
- Foreign Contractors for Major Infrastructure Projects in Malaysia
- Representative/ Regional Offices
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Managing personal tax effectively and keeping abreast of the latest tax rules can be challenging.
Our cross disciplinary expert team can assist with:-
- Submission of Tax returns
- Reviewing the expatriate contracts
- Reviewing the policies and procedures on sending employees cross border and to advise on tax impact.
- Share option and global reward scheme issues.
- Short term assignees to Malaysia
- Advice to employers on their tax obligations and tax minimization measures.
- Advise on tax efficient remuneration package.
- Hypothetical tax calculation.
- Obtaining tax exemption under the tax treaties.
We are supported by international expertise of the member firms of RSM International. These will provide us with the necessary global strength and regional knowledge to understand the local sensitivity to service our client effectively.
- Review and advice on the procedures/ arrangement for expatriates on short-term assignments for the purpose of obtaining relief under a tax treaty.
- Review of the contract for independent professional services and advice on the withholding tax impact on the consultant.
- Advice on the share award benefits received by expatriates when exercising employment in Malaysia.
- Assisting the Human Resource Department of MNCs to educate their expatriate employees on compliance.
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