Tax planning can increase net benefits to the employees while generating tax savings and reducing tax compliance problems for the employer. In a competitive global environment, this can assist with staff retention. For expatriates, coordinating with home country taxes is crucial to minimize tax and increasing net benefits. As a member of Grant Thornton International (GTI) with a global network about 500 offices in over 100 countries, Grant Thornton Japan will build an integrated team that includes home and host country professionals, taking the worry out of compliance for international employers and their expatriate executives. Our services start from pre-employment remuneration packaging to post departure tax finalisation compliance and exit strategies.
Planning and care for income tax problems for high net worth individuals with international investments and businesses is vital. Our client base consists of executives, athletes, TV personalities and others, and our services go beyond just calculating compensation packages and tax lodgements. Grant Thornton’s international network enables us to provide you with the most tax efficient cross-border solutions.
Benefits in kind, otherwise known as fringe benefits, are benefits provided to an employee in respect of the employment. Some of the more common benefits in kind for expatriates, that if correctly structured can result in significant tax savings, include: