This detailed guide was developed by LEA Global firm member Dezan Shira & Associates.
In this issue:
- Key Considerations When Choosing a Payroll Outsourcing Model
- Calculating Individual Income Tax & Social Insurance
- The Accelerating Trend Towards Outsourcing Payroll Processing in Asia
When determining which type of model is most appropriate for managing payroll across multiple countries, employers should take into account the advantages and shortcomings of the three most commonly utilized models.
The first, a country-by-country model, entails contracting vendors locally in each country. The second, a managed model, entails contracting a single vendor (integrated service provider) who subsequently sub-contracts the actual processing on a country-by-country basis. Finally, integrated models entail contracting one vendor able to provide payroll services via vendor employees in each country of operation, reporting through a single-point-of-contact methodology rather than sub-contracting payroll duties to other firms. Access Guide.
Source: Dezan Shira & Associates – www.dezshira.com Used with permission. All materials and contents © 2013 Asia Briefing Ltd.
This magazine was originally published by Asia Briefing.
The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.