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Split Payroll

Split Payroll Definition

Split Payroll is a method a company can use to compensate an expatriate employee who is on international assignment. It means that part of the pay is made in home country currency and the remainder in host country currency.


Additional meaning of Split Payroll:

Using this method the employee does not have to exchange money from one currency to the other each month, such as reducing costs and the effect of currency fluctuations. It also makes it easier to comply with the tax requirements of both the home and host countries. It can also ensure that the employee continues to participate in his company's retirement plan even while working abroad.


RELATED TERMS
Payroll
RELATED CATEGORIES
Accounting
International







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