Where will your employees work in the “new normal”?
Remote working: Why it is important to get this right, compliance risk and how to emerge stronger
COVID-19 prompted companies to abruptly implement work-from-home protocols, and introduce new ways of working, whether they were ready or not. As time moves on the immediate focus on what was required for business continuity is beginning to change and the medium to longer-term implications are getting attention. One issue that everyone will need to address is the tax implications of remote working, both for the employer and the employee. And when remote working is cross border this can be a complex picture. In addition, as organizations move beyond responding to the immediate crisis and look to strategies for accelerating business recovery, it is likely they will use this opportunity to rethink the future of work – including what work is and how it is delivered, who performs the work, and where it is performed – and course correct.
In our Webinar, Deloitte’s experts explored the questions leaders should ask if they are considering remote work as part of their future workforce strategy, and what they should think about next to manage this new way of working. Deloitte’s view is that companies should develop an action plan that addresses current and future potential tax compliance risks. We believe it is essential to adopt a holistic view to enable individual cases to be controlled and assessed (from a corporate tax, employer and employee compliance perspective) and that there is appropriate tracking and identification of the type of entity that employs the individual.