Whether it is assisting with the relocation of an executive or planning a short term international secondment, multinational companies and their employees face a multitude of issues above and beyond the need to file personal income tax returns. These can include tax efficient remuneration planning, the treatment of stock options or pensions, social security issues, immigration issues etc.
How can KPMG help your business?
We have the people, experience and technology to help many different types of company. Our local IES practice provides a proactive service delivery model covering broad compliance and advisory services to help organizations deal with personal tax, social security and immigration both for their mobile employees as well as for local staff.
KPMG in Romania's IES professionals prepare individually personalized tax returns for our clients' international assignees. Our services cover the compliance cycle: from pre-departure or post-arrival advice, income tax return preparation, tax reconciliations and hypothetical tax calculations, to correspondence with tax authorities, and assistance during tax audits.
But our objective is to provide value beyond the mere preparation of tax returns.
By working closely with our clients, we provide advisory services that are designed to help both the company and its employees derive long-term tax savings. We also offer payroll advisory and compliance services to help companies comply with withholding and reporting requirements.
Social security has become a very hot topic, especially in the context of European Union rules on free movement of workers. Our professionals can help employers and individuals comply with complex domestic and international social security rules.
Immigration in Romania is currently a very time-consuming and burdensome administrative process both for non-Romanian individuals as well as for local companies wishing to engage them into their business. We have an experienced team of professionals providing immigration assistance services, covering the entire cycle: from obtaining Romanian short-term or long-term visas to securing work authorizations, residence permits and registration certificates for both international assignees as well as their family members. Our services aim to reduce the administrative burden on the international assignee and the company, giving them more time to focus on their core business.
KPMG LINK: Technology for efficient program management
KPMG LINK supports our international IES practice, helping us provide cost-effective service delivery. International assignment management is a data-intensive process in which security, global access and data integrity are crucial. Our web-based technology provides tools to help our clients manage this process effectively and efficiently and allows our professionals to focus on our vision of delivering high quality service.
KPMG LINK can help you with:
- tax compliance management
- compensation collection
- cost projection/financial modeling
- international assignment program management
Why choose KPMG?
KPMG in Romania's International Executive Services (IES) practice is part of a network of professionals from KPMG CEE member firms, which help companies deal with their globally mobile workforces. The Romanian IES practice cooperates closely with IES professionals from both CEE and non-CEE practices, to offer clients with internationally mobile employees a wide range of high value advisory and compliance services.
KPMG helps deliver the following benefits to your business:
- Cost savings in many key IES related areas
- Assistance with many of the administrative issues related to assignments
- A wide range of services - tax, social security, international human resources, and pensions, with the possibility of assistance from colleagues throughout the KPMG network. This can help you achieve a coordinated and global approach to planning assignments
- Opportunities rather than problems. The efficient management of global compliance
- Use of technology to achieve greater efficiency in assignment planning