04:05 GLOBAL
Common Compliance Pitfalls Equity and one-time payments : Stock options, RSUs, bonuses, and commissions often attract different tax rates and reporting requirements, creating huge liabilities if miscalculated. Benefits in kind: Company perks, from travel reimbursements to non-monetary benefits, can be treated as taxable income in some jurisdictions and tax-free in others. Employee lifecycle events : Leaves (sickness, maternity) and terminations must be correctly reflected on payslips and reported accurately to social security authorities. Best Practices for Multinationals Continuous Regulatory Monitoring : Rules change fast. Organisations need live feeds of legislative updates and systems Communication : Payroll is only as good as the inputs. Strong communication channels between HR, finance, and payroll providers are essential. that adjust automatically. Accurate Data & Clear Leverage Local Expertise : Global payroll providers with in-country specialists bring on-the-ground knowledge of tax, benefits, and labour laws.
This is the reality of global payroll. Compliance isn’t just about forms and filings—it’s about protecting trust. Every payslip is a promise, and when that promise is broken, reputations suffer, and employees lose confidence. Why Compliance is Harder Than Ever Payroll teams today navigate a labyrinth of tax codes, labour laws, benefits regulations, and reporting rules. Each country rewrites the map in its own language, often at very short notice. What was compliant yesterday may trip you up tomorrow. Add in complexities like remote work, cross-border contracts, and shifting employee expectations, and compliance becomes one of the biggest risks and opportunities facing global organisations.
Each country rewrites the map in its own language, often at very short notice. What was compliant yesterday may trip you up tomorrow.
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GLOBAL PAYROLL MAGAZINE ISSUE 16
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