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France, South Africa, Spain Simplifying Employer’s Remote Work Obligations
November 11, 2022
According to a Baker McKenzie update on cross-border remote working, The French Draft Finance Bill for 2023 plans to modify withholding tax obligations for foreign employers of French tax residents, which will ease the compliance burden of remote work employers. The obligation in respect to French withholding tax on salaries taxable in France will be replaced by withholding the French personal income tax, as estimated by the French tax authorities based on the most recently declared income, directly from the employee’s personal bank account. South Africa plans to introduce a digital nomad visa in May 2023. Spain is on the verge of passing legislation that will make relocation there more competitive and attractive for workers, entrepreneurs, and companies in the technological sector. Contemplated changes will effect employees of foreign companies, and directors of emerging companies, irrespective of what stake they hold in the company.
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