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Tax Returns for employees of a Multinational Company working on projects in
multiple countries
Introduction: A leading multinational IT consulting
company deputes its employees for overseas assignments.
Requirement: As required by the respective country’s
law, a part of their salary was being deducted as withholding tax. Employees
had to claim the excess tax amount and had to fulfill the required obligation of
filling the income-tax return in the respective country. Employees often found
themselves confused and ended up paying a very high fee for the preparation and filing of
the tax-return.
Solution: The company approached EKM for the
solution. EKM gave it a one stop solution to prepare and
file tax-returns for its employees for US, UK and Canada. Employees now upload
their tax organizer, year end forms and other required documents to EKM's web
based application. EKM prepares and files the tax returns through its counterpart
CPA/CAs in the respective countries.
Achievement:
The major achievement was the employee satisfaction. Our service worked as
a relief for the employees during the tax filing period. They can now focus on
their assigned project instead of looking for tax preparers for weeks.
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