Press Releases from Nair & Co. (73 total)
Luxembourg Implements New Tax Provisions
Luxembourg has implemented various measures with the aim of increasing revenue through taxation. Most of the provisions come into effect from January 1, 2013. The…
Czech Republic Approves Austerity Measures and Amends VAT Laws
Details of the major VAT changes effective from January 1, 2013 are as follows:
• The standard VAT rate has been increased to 21% and the reduced…
Australia Strengthens Data Privacy Laws
Australia Amends Privacy Laws: Key changes
The current dual system of Information Privacy Principles and National Privacy Principles applicable to the public sector and private businesses…
France Proposes Changes to Tax Laws for Stock Options
The proposed changes, if implemented, would be applicable to qualified stock options and free shares awarded on or after September 28, 2012. The awards made…
Ireland: Taxpayers to Submit Financial Statements in Inline eXtensible Business …
(Sunnyvale, CA)- The revenue department of Ireland declared that it will provide taxpayers the option of submitting financial statements in Inline eXtensible Business Reporting Language…
China Introduces Surcharge on Electronic Waste; Manufacturing Sector Affected
(Sunnyvale, CA)- Chinese tax authority, State Administration of Taxation (SAT) has released a declaration establishing surcharge on electronic waste in the country, on August 20,…
Hungary Proposes to Introduce New Tax on Financial Transactions by Payment Servi …
(Sunnyvale, CA)- The Hungarian government has proposed to introduce a new tax on financial transactions by payment services providers (PSP) having registered or branch office…
South Korea Announces Tax Hike; Business Entities in the Country Affected
(Sunnyvale, CA)- The South Korean government has announced changes to its tax laws that would increase tax rates for both large businesses operating in the…
China Clarifies Enterprise Income Tax Treatment of Equity Compensation Plans
(Sunnyvale, CA)- Chinese tax authorities have clarified the Corporate Income Tax (CTI) treatment of equity incentive compensation plans (EICP) taking effect from 1 July, 2012.…
UK to Introduce Statutory Definition of Tax Residence in Finance Bill 2013; Prov …
Sunnyvale, CA, USA, September 3, 2012 - (PressReleasePoint) - The United Kingdom is likely to introduce the statutory definition of tax residence in the…
China Revises Income Tax Incentives for Software and Integrated Circuit Manufact …
(Sunnyvale, CA) – China has revised the enterprise income tax incentives for software and integrated circuit (IC)companies as per a notification released jointly by the…
Update: India Provides Details on Mandatory Tax Reporting Requirements for Liais …
(Sunnyvale, CA) – The Income tax authority of India has extended the due date for filing 49C form for particular categories of assessees having a…
Government of Romania Introduces Changes to VAT Legislation
(Sunnyvale, CA) – The Government of Romania has introduced an array of changes to its VAT legislation. The amendment includes an increase in the VAT…
India Announces Major Changes to Service Tax Laws; New Rules to Take Effect from …
(Sunnyvale, CA) - India’s Department of Revenue has finalized the dates for the implementation of the Negative List for service tax as well as the…
India – New Rule Allows Use of ‘Other Method’ for Determining Arm’s Leng …
(Sunnyvale, CA) - The Indian Tax Administration has introduced a new transfer pricing method which uses the ‘other method’ for determining Arm’s length Principle (ALP)…
India Introduces Changes to EEFC Account Norms
The Indian Government has introduced changes to the Exchange Earners' Foreign Currency Account (EEFC) norms. As part of the revision, exporters or individual professionals who…
Indian Court Allows Company to Shift Service Tax Liability
Sunnyvale, CA - In a milestone verdict, the apex court of India held that an assessee of service tax may enter into a contract with…
India: Documentation for Foreign Exchange Remittance Eased
Sunnyvale, CA- With an aim to liberalize documentation requirements, the Reserve Bank of India (RBI) has raised the limit for foreign exchange remittance for miscellaneous…
India Introduces E-waste Management Rules for Manufacturers and Consumers of Ele …
(Sunnyvale, CA) – The Indian Ministry of Environment & Forest (MoEF) has introduced e-waste management rules for the safe disposal and handling of e-waste (Waste…
Spain Introduces New Tax and Administrative Measures to Reduce Public Deficit
(Sunnyvale, CA) - In order to reduce public deficit this year, the Spanish government has introduced provisional measures to the Corporate Income Tax.
To achieve this…
Indian Ministry of Finance Proposes Amendment to Budget 2012-13
The Indian Ministry of Finance has proposed certain amendments to the Union Budget 2012-13, which introduced certain provisions to check tax evasion. To address concerns…
Vodafone Serves Notice of Dispute against Indian Tax Law
(Sunnyvale, CA) – India’s plans to introduce amendments to its tax laws that include powers to retroactively overturn recent court rulings has sparked off a…
Brazil Makes New Changes to Social Security Contribution
(Sunnyvale, CA) - New changes to the social security contribution for Brazilian employers may take effect from August 1, 2012, subject to Congress' approval.
Provisional Measure*…
Brazil Introduces New Amendments to Financial Transaction Tax (IOF)
(Sunnyvale, CA) - The Brazilian Government has introduced new amendments to the regulations on financial transactions tax (IOF) imposed on foreign exchange transaction with effect…
Brazil Introduces Fixed Profit Margins to Simplify Transfer Pricing Method
(Sunnyvale, CA) –The Brazilian government introduced changes to transfer pricing rules which includes a range of fixed profit margins for various industry sectors. The main…
UK’s New Immigration Rules to Take Effect from June 14, 2012
(Sunnyvale, CA)- UK has introduced changes to its immigration rules which would affect foreign nationals residing or entering the UK on employer-sponsored visas as well…
Australia: Court Case Emphasizes Importance of Following Correct Employee Termin …
(Sunnyvale, CA) - A federal court ruling involving employee termination in Australia demonstrated that following the right procedures and maintaining proper records related to long-term employee issues…
Australia to Reform Business Name Registration Process
(Sunnyvale, CA) - Australia will soon launch the National Business Names Register which will enable companies to use a single form to register a business…
Australia Amends Trademark Laws to Streamline Processes
(Sunnyvale, CA) - The Australian Occupational Health & Safety (OHS) law recently underwent a series of changes, violations of which could result in fines of…
Canada Releases Details of New Tax Measures
(Sunnyvale, CA) - The Canadian Finance Minister announced details of the new tax measures which include an expanded list of medical devices and prescription drugs…
Hong Kong Releases Advance Pricing Guidelines; China Explores Advance Tax Ruling …
(Sunnyvale, CA) - Hong Kong’s Inland Revenue has released its long-awaited Advance Pricing Agreement guidelines, which will initially focus on negotiating bilateral and multilateral APAs…
Switzerland & UK Supplement Withholding Tax Agreement, Changes To Take Effect Ma …
(Sunnyvale, CA) - Switzerland and United Kingdom signed a protocol of amendment that supplements their withholding tax agreement of October 6, 2011. The agreement is…
Regulatory Updates: Denmark, Malaysia, Germany, Ireland & Japan
Danish Government Eliminates Special Tax Rules on Share-based Payment
The Danish Government plans to eliminate special tax rules on employee share ownership plans and individual share-based…
VAT Updates: China, Czech Republic, Romania, Portugal
China Plans to Extend VAT Pilot Scheme to Beijing in July
China’s pilot scheme for VAT which is intended to replace the current business tax in…
EU- India Expected to Finalize Free-trade Agreement in 2012
(Sunnyvale, CA) - The European Union and India have advanced negotiations on the free-trade agreement which is expected to be finalized by the end of…
China Opens Access to Centralized Database of Bribery Convictions
(Sunnyvale, CA) - China’s major investigatory and prosecutorial division - Supreme People’s Procuratorate (SPP) along with other PRC anti-corruption organizations declared the availability of a…
Supreme Court Ruling to Impact Companies Employing UK Expats
(Sunnyvale, CA) - The UK Supreme Court has ruled that employees of UK companies who worked outside the UK could raise a claim of ‘unfair…
Highlights of Singapore Budget 2012
(Sunnyvale, CA) - Singapore announced a cash grant for small and medium enterprises along with a slew of other announcements including a new scheme for…
Argentina Imposes New Import Regulations
(Sunnyvale, CA) – Argentina has implemented a new trade regulation which makes it mandatory for companies to declare the amount of goods being imported into…
China Reduces Corporate Tax for Small Businesses; Cuts Import Tariffs
(Sunnyvale, CA)- China’s tax policy framework for 2012 largely focuses on reducing taxes for both individuals and small businesses to maintain economic growth and stability.…
Nair & Co. Announces 40% Growth in 2011
(Sunnyvale, CA) – Nair & Co., the leader in international business expansion services, announced a record 40% growth in 2011 resulting from substantially greater demand…
Germany’s Electronic Income Tax System Delayed
(Sunnyvale,CA) –The German finance ministry has delayed the launch of its new electronic income tax tracking system owing to technical problems.
The delay of the electronic…
Ireland to Reduce Frequency of Tax Returns & Payments for Certain Businesses
(Sunnyvale, CA) - With effect from January 1, 2012, certain businesses in Ireland will enjoy a reduction in the frequency with which they file their…
China extends import tax exemption & VAT refunds for foreign R&D centers
(Sunnyvale,CA) –Chinese authorities have recently announced that the import tax exemption on purchases of certain R&D equipment and devices by foreign invested R&D centres would…
Reserve Bank of India Reduces Validity Period for Checks, Pay Orders
(Sunnyvale, CA) - The Reserve Bank of India has decided to reduce the validity period for checks, drafts, pay orders and banker's checks from six…
Income Tax Hike for Dormant Companies in Italy
(Sunnyvale, CA) - Dormant companies in Italy will be paying a higher corporate tax rate in 2012 as per the new Italian tax law. Companies…
Korea to Reduce Corporate Tax for Mid-sized Companies
(Sunnyvale, CA) - The Korean government announced plans to reduce the top marginal corporate tax rate to 20% for companies with tax bases between 200…
‘Fastech Favorite’ Smartling Wins Nair & Co.’s Business Expansion Services …
Wins complimentary offer to set up international operations, accounting and payroll support services
(Sunnyvale, CA) - Nair & Co., the leader in international business expansion services…
France Announces Corporate Tax Surcharge, Hikes VAT Rate to Reduce Debts
(Sunnyvale, CA) The government of France announced plans to impose a ‘temporary’ corporate tax surcharge of 5% for 2012 and 2013 for large companies.
The French…
UK VAT- Intrastat Declarations to Be Submitted Online
(Sunnyvale, CA) – HM Revenue & Customs (HMRC) intend to make electronic submission of Intrastat declarations mandatory. HMRC plans to amend the UK Intrastat legislation…
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