Circular on PF withdrawal for International workers
The Government of India in an initiative for the benefit of both the employers and employees has entered into Agreement with several countries to ensure that the citizens of their home country can remit contribution in their home country. The Employees Provident Fund Organisation has been authorised to issue the Certificate of Coverage to their citizens having signed an Agreement with the Government of India. Foreign citizens taking up overseas assignments pay more attention to the tax regime of the country when determining costs, and often tend to overlook the social security laws of the country, which are equally important. India requires every business entity employing more than 20 people to register with the national social security system and makes it mandatory for employees and employers to contribute towards retirement…