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Home / 2019 / December

December 2019

Business Tax in Ecuador

Ecuador is currently in a state of tax reform and many different areas of tax policy are being adjusted. This is undoubtedly creating some strain on a number of different companies and industries within the country. From an accounting perspective, this tax reform strives to make the overall corporate tax system much simpler and will further improve the financial structure of the government as they attempt to eliminate fuel subsidies.

At this point, companies are subject to a flat-rate income tax of 25% after workers’ and employees’ profit shares have been deducted (approximately 15%). Additionally, personal tax rates will remain the same at a variable rate of 5-35% based on a number of factors.

  • The GPS Team
  • 30 December, 2019
  • No Comments

5 Strategies for Successful International Hiring

Organizations have seen many changes in the last few decades, but none have been as transformative and radical as what we now call Globalization. Today, more and more companies are opening up offices/factories in countries in addition to their own, in order to reap the benefits of a globally distributed workforce.

With global expansion comes the responsibility of hiring high quality manpower at all company locations.

Hiring internationally, where the recruiter sits in one country and hires for operations in other countries, is a critically important component of multi-national companies. Read on to learn some of the hallmarks of how to have a successful international hiring practice:

  • The GPS Team
  • 23 December, 2019
  • No Comments

Hiring and Terminating Employees in Poland

Poland is a country located in central Europe with just over 38 million citizens. As of 2017, just over 18 million of these citizens were considered part of the Polish labor force – accounting for nearly half of the overall population. With approximately 2.6 million businesses registered in the country, it is important to understand the hiring and termination policies as described in the Polish Labor Code.

  • The GPS Team
  • 17 December, 2019
  • No Comments

Labor Bans in the UAE

While considered taboo in a number of regions and countries around the world, labor bans are alive and well in the United Arab Emirates, where there are two types of visa related bans (labor bans and immigration bans). As a country where the majority of workers are actually expatriates, this can result in some major concerns for employees looking to work in the UAE.

  • The GPS Team
  • 10 December, 2019
  • No Comments

Payroll Practices in Colombia

An increasing number of companies are continuing to see Latin America as an attractive location to host foreign production and investments. As all global companies know, there are both pros and cons to creating business operations in multiple countries and staying compliant with different labor legislations can be a tricky standard to uphold. Colombia is a country that may be attractive for generating new business operations, but with complex and extensive payroll systems and requirements in this country, it is vital for global business operations to understand the local laws and mandates.

  • The GPS Team
  • 3 December, 2019
  • No Comments

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