May 30th 2017
Member Query – Mobility
A member wishes to understand how other PARC members treat bonus payments for assignees or employees who have permanently moved, where bonus relates to periods in different countries and/or at time of payment the individual is a resident in a different country to where the bonus was earned?
They also ask the following:
- Do you split the bonus such that part is paid in previous country and part in current, with tax being settled in current country; or do you pay all of it in country where resident at time of bonus payment?
- Do you provide for any protection against FX rate movement such that employees can’t suffer any loss of bonus value due to movement?
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If you are not a member of the PARC network and are interested in membership please contact Richard Hargreaves, Commercial Director, on +44 (0) 20 3457 2630 or at richard@parcentre.co.uk.
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