Global Reward Services Newsletter
in our quarterly roundup.
Welcome to Global Reward Services Newsletter, a quarterly digest by KPMG Global Rewards Services team to keep you updated on important tax changes and trends that could affect your organization’s rewards and compensation structures. Whether you're navigating tax management, working on compliance, or understanding global trends, we've got you covered.
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September 2025 Edition
In the Americas, the United States passed the “Public Law 119-21, commonly known as the ‘One Big Beautiful Bill Act’ (OBBBA)” making key TCJA provisions permanent, including the repeal of moving expense deductions. At the same time, solvency concerns in the U.S. Social Security system may prompt additional payroll or equity-based tax exposure for high earners. Colombia’s new immigration framework clarifies visa processes for foreign nationals, and Venezuela’s TPS litigation in the U.S. underscores the importance of monitoring employee work authorization and vesting schedules.
Across Europe, Austria’s coalition government is prioritizing digitized payroll and new tax incentives, while the Italy-Albania Social Security Agreement substantially reduces dual contributions. Switzerland’s Federal Court ruled against last-minute pension buy-backs to claim tax deductions before leaving the country, and the U.K.-India Double Contributions Convention aims to ease dual social security burdens for assignments up to three years.
In Asia-Pacific, Oman will introduce a 5 percent personal income tax effective 1 January 2028, bringing both salary and equity compensation into scope. This significant development could influence organizations’ cost projections and mobility strategies for assignees in the region. For thorough insights on these pivotal developments shaping global reward and compensation structures, read more.
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