Apr 102017
 

This Lenten season we are once again reminded of various biblical and historical accounts about Jesus of Nazareth (4 B.C. — 30 A.D.), the central figure of Christianity. Probably the most notable thing about him is his fondness for the company of tax collectors. From the tax collectors of the past to the Bureau of Internal Revenue (BIR) of the present, the tax man has been stereotyped and has received more than his share of contempt, and even ridicule.

Apr 092017
 

(First of two parts) For someone on an expatriate assignment, understanding the tax impact of such an assignment is just as relevant, or even more crucial, as knowing the location of the new home or the strengths of the children’s new school. Further, when the employer puts in place a tax equalization (TEQ) arrangement for the international assignment, it is equally important to understand its meaning and objective, the mechanics, and the related tax implications thereof.