PCN (Parent-country nationals) are employees whose nationality is the same as that of the firm headquarters, when a company of a country recruits employee from its own country is known as PCN. Here the country is called parent country. For example, a German employee of a German company who is working at a Chinese subsidiary.
HCN (Host-country nationals) are employees who have the same nationality as the local subsidiary. When a company of a country runs their business in another country and recruits’ employees from that country then it is known as HCN. Here the second country is the host country. This could be a Chinese employee working at the Chinese subsidiary of the German company
TCN (Third-country nationals) are employees whose nationality is different from that of either the headquarters or the subsidiary office. In the above scenario, this might mean an Indian employee working at the Chinese office of the German company. They are the citizens of one country employed by a company from another country who worked in a third country.
Designing and developing a better compensation package for HR professionals for the international assignments requires knowledge of taxation, employment laws, and foreign currency fluctuation by the HR professionals. Moreover, the socio-economic conditions of the country have to be taken into consideration while developing a compensation package. It is easy to…
Repatriation of profit is the ability of a firm to send foreign‐earned profits or financial assets back to the firm’s home country in hard currency such as USD, EUR and others, after meeting the host nation’s tax obligations. Proponents of profit repatriation argue that it encourages foreign direct investments (FDIs).…
Section 2(59): “Input” means any goods other than capital goods used or intended to be used by a supplier in the course or furtherance of business. Section 2(60): "Input Service" means any service used or intended to be used by a supplier in the course or furtherance of business.