Tax considerations for employee remuneration packages can benefit both employers and employees through cost reductions and enhanced benefits. While tax efficiency was previously a major driver of benefits, governments have tightened rules related to tax treatment. It is crucial to stay up to date on changing fiscal regulations affecting salaries to ensure tax compliance.

1. Tax considerations
• A tax efficient remuneration package can benefit both employers and employees.
From the employees perspective it can enhance the benefits of working for that
employer, from the employers point of view, it can mean reduced costs.
• In the past , tax efficiency was one of the main reasons for the proliferation of
benefits, but it has become progressively less important as governments have
tightened up the fiscal rules relating to employee benefits.
• Because fiscal regulations are constantly changing, it is essential to update the
information related to tax law for salaried persons.