In the current dynamic labour market, setting up employee participation programmes that are competitive and also comply with legal regulations is a real challenge.
Now more than ever, companies need to demonstrate flexibility and offer a competitive and attractive remuneration model in order to attract and retain the best talent. Companies must also take into account regulatory, legal and tax rules as well as potential developments in different jurisdictions.
The consequences of non-compliance with the various regulations relating to employee share ownership programmes are increasingly complex and expensive - they can lead to fines, penalties and reputational damage. Many tax authorities are scrutinising employee share ownership programmes, resulting in increasingly stringent withholding tax rules and challenges in processing.
This technology puts you in control
Supported by the latest technology, we provide services at every stage of implementation to enable you to be and remain competitive, but also legally compliant: We determine the best possible participation programme for your company, plan its design and implementation as well as monitor compliance risks at all stages, and evaluate your existing reporting and payroll processes.
On a global level, we support you in the precise calculation of withholding taxes to be withheld in a large number of countries in real time. Each country in which your company operates has a different legal system to take into account, as well as frequent changes in payroll and withholding tax rules. KPMG has developed the Global Equity Tracker (GET) online tool to solve precisely these problems.
For mobile employees, calculating and reporting withholding taxes in a large number of countries is complicated, time-consuming and expensive. Specialised, global expertise in the area of employee benefits in each country is essential. We are supported in this task by our IT tool Global Equity Tracker (GET) supported.
