AIRINC (Associates for International Research, Inc.)

The Kingdom of Saudi Arabia recently announced that effective July 1, 2020 the current 5% VAT (Value-Added Tax) rate on almost all goods and services bought and sold by businesses within the Kingdom will increase to 15%. There are no changes to the list of goods and services to which VAT applies.

The economy, healthcare systems, and our broader communities are all being impacted by the global COVID-19 pandemic. In response, countries across the globe are acting swiftly to address the socioeconomic impact of the pandemic, including, but not limited to:

COVID-19 Tax Responses: OECD Guidance  The Organization for Economic Cooperation and Development (OECD) Center for Tax Policy and Administration (CTPA) has drafted guidance regarding tax implications of travel restrictions and remote working as a result of COVID-19. The OECD provided three scenarios under consideration, and their recommendation and analysis

The economy, healthcare systems, and our broader communities are all being impacted by the global COVID-19 pandemic. In response, countries across the globe are acting swiftly to address the socioeconomic impact of the pandemic, including, but not limited to:

Around the world, many individuals have been working from home for weeks or months. Virtually overnight, entire workforces became “remote.” In our 2020 Mobility Outlook survey (conducted prior to the COVID-19 pandemic announcement), we saw that 64% of companies were seeing an increase in remote work requests (global and domestic). Most of those companies handle requests on a case-by-case basis and only 7 percent have a policy to address remote work. We anticipate remote work requests may increase after shelter-in-place orders subside and we interviewed AIRINC’s tax directors, Pat Jurgens and Jeremy Piccoli, to shed light on tax and other regulatory issues to consider when evaluating the company’s stance on remote work.

The economy, healthcare systems, and our broader communities are all being impacted by the global COVID-19 pandemic. In response, countries across the globe are acting swiftly to address the socioeconomic impact of the pandemic, including, but not limited to:

The economy, healthcare systems, and our broader communities are all being impacted by the global COVID-19 pandemic. In response, countries across the globe are acting swiftly to address the socioeconomic impact of the pandemic, including, but not limited to:

Last week AIRINC held several virtual roundtables regarding COVID-19. These sessions gave our clients a forum to discuss the issues they are facing and how they are handling COVID-19 concerns. From these discussions we are in a bit of a wait and see period. The initial rush of company evacuations and self-initiated leaves has started to settle. With travel restrictions – both by governments and by corporate companies – relocation, repatriation, and new assignments are currently greatly hampered.

During these unprecedented times, Global Mobility is challenged with the difficult task of supporting an international workforce amidst the COVID-19 pandemic. This survey focuses on how companies are handling their international expatriate populations, and the steps Global Mobility is taking to address the unique circumstances due to COVID-19.

President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27, 2020, which provides a wide range of relief for individuals and businesses negatively impacted by the viral pandemic. Among the provisions is an immediate economic stimulus payment from the Internal Revenue Service (IRS) to certain individuals, including many globally mobile employees. In the coming weeks, mobility programs should make an evaluation of the impact this payment has on its population and policies.