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In a market where there’s a scarce supply of available talent, companies are starting to offer employees the option of working remotely while vacationing overseas, referred to as “workation,” as an employee perk in their benefits structure.
While workations may seem ideal for those who can’t afford to leave work altogether while vacationing, there are potential tax implications. Failing to understand and comply with applicable tax regulations can lead to unpleasant surprises for both employer and employees, including financial penalties or even legal consequences.
In a newly published article for Bloomberg Tax, CohnReznick’s Christina Lee breaks down common concepts and suggested best practices to follow to avoid falling into any tax traps around workations.
Read the article at BloombergTax.com. (Opens a new window)
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