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Simon Westbrook CFO

Payments to overseas consultants

Asked on July 30, 2013

It seems that Companies everywhere are increasingly trying to reduce their overall cost by farming out work to consultants overseas in India, China and elsewhere. Apart from having such consultants provide a W-8 confirming their non resident status are there any other pre or post tax reporting requirements involved in making overseas consulting payments? Are there any with holding tax requirements?

Answers

Jeff Taylor CFO • September 8, 2010

None that I have ever seen or heard of. BTW, if you are using overseas consultants and are wondering how you can pay them, try a service such as Elance or Odesk. They act as a)bidding agents so that you can have multiple providers bid on your work, and b)payment agents. You pay on this end and they pay out on the other end. Simple and effective.

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