There are many similarities between managing and administering activities in the U.S. and in a foreign country, but there are also important differences that you need to be aware of when negotiating an agreement or implementing an international program.
This section provides resources and guidance on financial aspects of international activities, including:
- Budgeting: additional costs that may need to be included to support the work of an international program.
- Procurement of goods and services abroad: factors to consider during planning.
- Payments abroad: payment methods to international vendors or foreign nationals.
- Auditing and reporting requirements of foreign sponsors.
- Tax consideration: foreign tax requirements and implication of withholding taxes.
For more information on managing the finances of your project, please contact the ICC.