Virtual Subsidiary Group

For some countries, although these tend to be the exception versus a general theme, payroll tax deductions and employer social charges must be paid from a bank account based in that country.

 

In practice it is more efficient to have a bank account locally for each country you have employees as this greatly reduces errors in foreign exchange and payments not reaching the bank accounts of recipients on a timely basis.

 

V-Sub International Payroll can cater for payments to employees in any currency.