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How to restore fee in the Secondment Agreement

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hello everybody welcome to deloittes debriefs tax webcast series in asia pacific our webcast today is from our special edition geography update series and is titled secondment arrangements recent rulings and key impact my name is sumit and im a tax partner based in deloitte india i have the pleasure of hosting todays webcast and im joined by three speakers today they are all tax partners based in deloitte india bhaskar is a specialist in indirect taxes arthi is a specialist in employment taxes and also in immigration related matters and finally switching is a specialist in transfer pricing if youd like to see a little or read a little bit more about our bios these will be available on the left side of the screen and before we introduce the agenda for todays webcast wed like to take a moment to highlight some of the features of our webcast console that you see online first of all all users are on listen only mode if you have any content related questions you can submit at any tim

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What is the meaning of secondment agreement?

A secondment agreement is a legal agreement between two organizations or between an employer and an employee, that allows the employee to work temporarily for another company or organization.

What is a secondment fee?

What does the term secondment fee mean in the context of property management? Typically, it consists of various staff-related costs, such as salaries, EPF, SOCSO, insurance, medical bills and overtime claims. This amount is billed and charged to the management funds every month.

What are the costs of secondment?

Like the costs of employees (A1 category), the seconded person costs include their gross salary, social security and employers contribution. The only limitation is that the costs cannot include any profit for the original employer.

What is an employee service agreement?

In an employment contract, one party should be a company, an economic organization or a firm, etc., while the other party should be a regular employee. On the other hand, in a service agreement, the agreement can be between two firms or between two employees.

What are the different types of secondment?

Types of secondment Internal secondments. Internal secondments occur within a company and are common in larger or international organisations. External secondments. Details on employment. Salary and compensation. Duties and responsibilities. Sickness and absence policies. Confidentiality agreements. Conditions for completion.

What is the difference between service agreement and secondment agreement?

Secondment means each assignment of any Provided Personnel to MLP GP from OM in ance with the terms of this Agreement. Services means all of the services to be provided by MLP GP to Sabine Pass LNG pursuant to the OM Agreement, including the Services as defined in the OM Agreement.

What happens at the end of a secondment?

A secondment does not terminate an employees contract of employment; the contract continues to subsist during the period of secondment, and a key principle of the arrangement is that the employee is expected to return to his or her substantive post when the secondment ends.

What is a service secondment?

/səˈkɑːnd.mənt/ a period of time when an employee is sent to work somewhere else, to increase the number of workers , to replace other workers, or to exchange experience or skills: His involvement with the project began when he was on (a) secondment from NASA to the European Space Agency.

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