Manage, track and optimize internal operations for increased efficiency of process workflow.
Gain dedicated consultants to manage your global mobility needs.
track and control assignment-related expenses for efficient budget management.
Gain insights and make informed decisions through this comprehensive feature.
Centralize expatriate information for efficient tracking, compliance, and editing.
Secure portals for uploading, storing, and managing necessary documents such as contracts, visas, and work permits.
Network of vetted suppliers offering over 60,000 mobility services across 183 countries.
track and control assignment-related expenses for efficient budget management.
Simplifies document requests and secure sharing for seamless collaboration for all stakeholders
Manage and streamline supplier deliverables for optimal performance and collaboration
Keep track of your assignment duration and length of stay in host country to support tax returns
Visa and Work Permit Processing
Comprehensive Support for Every Assignment Type
Short-Term & Long-Term Accommodations
Compliant Immigration and Visa Services
Assistance With Corporate Relocation Taxes & Social Security
Take control of your visa and immigration challenges today.
Ensure your departures are handled with care and precision.
Let our Advisory Services drive positive change in your organization.
Let us handle your immigration compliance needs while you focus on your core business.
Taxation
February 17, 2022 | xpath.global
According to a government source, the German cabinet approved a tax relief package for employees and businesses on Wednesday. This hopes to reduce the impact of the pandemic on Europe’s largest economy with a new stimulus.
The Fourth Corona Tax Relief Act includes a 3,000-euro bonus tax exemption for care workers. Moreover, it offers a slew of tax relief measures for businesses, in a package worth a total of 11 billion euros ($12.51 billion) through 2025.
The German economy finished the year on a shaky note, declining by 0.7 percent in the fourth quarter. This resulted after limitations imposed in the autumn to combat the fourth COVID-19 wave, as well as supply chain disruptions.
The German cabinet hopes that the new package would help the economy recover.
The law includes provisions that would allow businesses to deduct certain investments from their taxes more rapidly in 2022. Plus, they are able to balance losses against prior profits to a larger extent than before, lowering their taxes in earlier years.
According to the employer-friendly German Economic Institute, the labor force will fall by over 300,000 people this year as more older workers retire than younger workers enter the workforce.
This gap is predicted to expand to more than 650,000 persons by 2029, resulting in a 5-million-strong workforce deficit by 2030. Despite the coronavirus epidemic, the number of employed Germans increased to approximately 45 million in 2021.
(1 dollar Equals 0.8790 euros)
(Holger Hansen contributed reporting; Paul Carrel wrote the piece; Madeline Chambers edited it.)
Source: Reuters.com