Expanding Overseas? What are the Tax Traps?

You do not have to look very far to find recruitment businesses expanding outside of Australia. Singapore, Hong Kong and London are popular expansion destinations. This is the case for large and smaller players alike, with the need for a global footprint being seen as a point of difference in placing candidates and competing with the global and larger recruitment businesses. This may also be seen as the next step in achieving desired revenue growth.

Heading overseas brings with it a raft of issues. Some of these include funding, staffing, and providing the necessary management and leadership to ensure its success. These issues are all front of mind for businesses wanting to head offshore. However, it is easy to forget to give due consideration to structuring and compliance with Australian and overseas taxation laws.

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