The Tax Engine is the Equus Platform's solution for calculating tax costs.
Uses
It powers tax calculations for Cost Estimates including What If Cost Estimates (WICE), and Compensation Calculations, Balance Sheets and U-Calcs. It supports all tax policies including Equalization, Grossup & Tax Protection.
Rates
Current year annual tax rates are supported. Payroll withholding rates are available for Geneva, Neuchatel, Vaud & Zurich. Nonresident rates are available.
Taxes
Taxes relating to employment are supported, including:
Federal/National Income Tax
State/Province/Canton Tax for USA/Canada/Switzerland
Employee Social Security
Employer Social Security
Payroll Tax
Fringe Benefit Tax
Double Tax Relief
Double tax relief is applied in line with the domestic legislation to reduce the Home tax liability. Typically, Foreign Tax Credit method is used.
Income Tax Treaties
Exemption from Host Income Tax is available when qualifying conditions are met. See Short Term Exemption for more information.
Social Security Agreements
Exemption from Host Social Tax is available when qualifying conditions are met. See Automatic Social Tax for more information.