CX infos URGENT

[g109]

Hi Folks,

I need a few infos regarding CX, as you are aware they offer bases all around the world.

lets say I would get a base at AMS or FRA, will my salary be paid in hong kong dollars in an offshore accont or in Euros??

Where will I be taxed as I believe I might acieve a non residency status in hong kong.

and other thoughts and comments on CX?

Reagrds

G109

[404 Titan]

g109

You will be taxed in both Hong Kong and Europe. Your salary will be in Euros and paid into an account in Hong Kong.

[spongebob_pilot]

I believe all european bases get paid in pounds! And I'm not sure of the tax issue, Ive only heard stories. Ive gathered that you are taxed in the Eu depending on the amount of time you spend in the country, ie if it is less than 186 days than you are exempt of income tax. As far as being taxed in Hong Kong, Im not sure, but can't imagine that you would be taxed from two different countries without being able to deduct the entire amount from the other. Once again, this is just from the rumor mill.

cheers

[Dan Winterland]

If you're paid in HK, you will pay HK tax unless you are only in HK for less than 60 days a year avaraged over 2 years. (V. Unlikely). HK tax is capped at max 16% of earnings, it is likely you will pay a bit less than that as the allowances for being married and having kids are very generous.

As far as the company is concerned, tax in you country of residence is your concern. As far as my experience is concerned, living in the UK will render you liable for tax providing you are 'normally resident' for more tha 90 days a year. Other countries such as Ireland and France use a 180 days threshold. The UK Inland Revenue will deduct the tax you pay to HKIR from their demand.

[JSB]

G109,

As far as I know, in either AMS or FRA you will be paid in GBP (unless this has changed recently, and Titan is usually on the ball) into a HKG account and will pay tax in Hong Kong as Dan Winterland correctly says.
Your tax obligations in other EU countries will depend on each state's rules (most individuals will recommend you get a good tax accountant) and agreements (most have a bi-lateral agreement with Hong Kong so you will not be "taxed twice" but will pay the higher rate, i.e. in the EU state) - though as Dan points out, tax is the individual officer's concern from the company's point of view. This however is becoming a little more of the company's concern for UK based officers as I believe that PAYE is becoming an issue for those individuals as the company may have to begin reporting income details to the UK tax authority.

Cheers,
JSB