International workers: EPFO seeks to ensure stricter PF compliance

Apr 15 2014, 01:15 IST
Comments 0
SummaryEPFO aims to ensure stricter provident fund compliance when it comes to foreign workers in India.

sends its employees on short-term assignments to the Indian affiliate. Regional offices are asked to forward a quarterly progress report of the review to the head office. The first report is due in the first week of July for the quarter ending June 30, 2014.

This is one of the many steps being taken by the EPFO to enforce compliance. Some of the other planned steps are allocation of a universal provident fund number, which will not change even if there is change in employment and launch of new software to identify cases where there is delay in deposit of provident fund contributions. The EPFO has clearly become more vigilant in recent times and is taking various initiatives to improve the oversight of compliance specifically for international workers.

Puneet Gupta

The writer is senior tax professional, EY. Views expressed are personal

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...