67 Press Releases
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Japan and uk agree in principle to amend current tax convention
The governments of Japan, the UK and Northern Ireland have agreed in principle on a draft legislation to amend the current tax convention which took effect in 2006.By: Nandita Verma | 2013-05-22 | Business
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Spain and the us sign protocol to avoid double taxation
The governments of Spain and the United States of America (USA) have recently concluded a tax agreement amending the provisions of the current protocol which has been in effect since February 22, 1990.By: Nandita Verma | 2013-05-22 | Business
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Brazil approves additional labor rights for domestic employees
The Brazilian government has approved a proposal that grants additional labor rights to domestic employees.By: Nandita Verma | 2013-05-15 | Business
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India slashes tax on interest payments to foreigners on government and corporate debt
The Indian government is going to reduce tax on interest payments to foreigners on government and corporate debt from up to 20% to 5%.By: Nandita Verma | 2013-05-13 | Business
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Australia amends transfer pricing regulations
Australia has recently introduced the Tax Laws Amendment (Countering Tax Avoidance and Multinational Profit Shifting) Bill 2013 (“the Bill”) in the House of Representatives for approval.By: Nandita Verma | 2013-05-09 | Business
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Russia proposes new transfer pricing deadlines international tax consulting team
The Russian government has sent Draft Law No. 79859-6, which proposes to set new transfer pricing deadlines for taxpayers, for the second reading to the State Duma (the lower house of the Russian parliament).By: Nandita Verma | 2013-05-07 | Business
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Argentina introduces new systems for recording overseas payments update from international expansion services team
The Argentinian government has introduced a new electronic system *. the “Single Electronic Window of Foreign Trade”By: Nandita Verma | 2013-05-07 | Business
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Australia proposes amendments to gaar part iva to counter tax dodging
The Australian government has introduced Tax Laws Amendment (Countering Tax Avoidance and Multi National Profit Shifting) Bill 2013 on February 13, 2013.By: Nandita Verma | 2013-05-02 | Business
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India revises tolerance band for transfer pricing updates from international tax consulting team
The Indian government in a recently issued notification has modified the “tolerance band” for the Assessment Year 2013-14 which will ascertain arm’s length pricing for international payments between related parties.By: Nandita Verma | 2013-05-02 | Business
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Brazil extends threshold for companies to qualify for presumed profit method
Brazil has recently enacted Provisional Measure 612/2013 which will broaden the threshold for companies to qualify for the ‘Presumed Profit Method’.By: Nandita Verma | 2013-05-01 | Business
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Chinese government extends the vat nationally international tax advisory team
China’s State Council has recently announced that the Value Added Tax (VAT) pilot program will be implemented nationwide from August 1, 2013. The pilot program is currently in force only in a few cities and provinces.By: Nandita Verma | 2013-04-22 | Business
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Uk relaxes reporting rules for small companies under rti allows extended time to file returns
The UK government has relaxed tax return filing rules under Real Time Information (RTI) which will allow an extended time for small companies to file payroll related returns.By: Nandita Verma | 2013-04-17 | Business
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Canada extends hiring credit for small business updates from international tax consulting team
The Canadian Federal government had launched the temporary Hiring Credit for Small Business (HCSB) in the year 2011.By: Nandita Verma | 2013-04-15 | Business
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India issues consolidated fdi policy to attract foreign investment update from international expansion services team
The Indian government has released consolidated Foreign Direct Investment (FDI) policy guidelines which are expected to simplify India’s FDI rules for foreign investors and stimulate economic growthBy: Nandita Verma | 2013-04-12 | Business
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Canada to introduce mandatory health and safety training guidelines updates from international hr and payroll services team
Canada is introducing new guidelines under the Occupation Health and Safety Act (OHSA)By: Nandita Verma | 2013-03-29 | Business
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Equal treatment to e invoicing in france international expansion services team
France has adopted EU guidelines that furnish equal legal status to both electronic and paper invoices. The provision, defined under “EU Directive 2010/45/EC”, has been adopted under French law and is effective in France from January 1, 2013.By: Nandita Verma | 2013-03-21 | Business
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Colombia introduces major tax reforms
The Colombian Government has recently introduced various measures which include new individual income tax, corporate taxBy: Nandita Verma | 2013-03-08 | Business
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Japan proposes 2013 tax reforms
The Japanese government has outlined proposed tax reforms; however, these can be altered during the legislative process.By: Nandita Verma | 2013-03-06 | Business
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Australia amends workforce regulations
Key changes to Australian workforce related regulations are covered under the headings: Fair Work Amendment Act 2012 (Amendment Act), Enterprise Agreements (applicable from 1 January 2013) and Workplace Gender Equality headings.By: Nandita Verma | 2013-03-05 | Business
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China to increase taxation of state owned enterprises
The Chinese government’s recent approval to reform the system of income distribution will affect the taxation of state-owned organizations and the business of property speculation.By: Nandita Verma | 2013-02-26 | Business
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France reduces tax credits
The French Finance Law for 2013 (Loi de finances pour 2013, LF 2013) has reduced the maximum limit on tax credits from EUR 18,000 + the previously prescribed rate to EUR 10,000.By: Nandita Verma | 2013-02-26 | Business
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Dutch expatriate tax provisions amended
Foreign workers in Netherlands, with specific skills, can avail a 30% tax relief, *. the ‘30% ruling’. Under this ruling, 30% of salary can be received as a tax-free allowance and the balance 70% is subject to tax, subject to certain conditions.By: Nandita Verma | 2013-02-22 | Business
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Peru amends tax haven status and sets deductible r and d expense limit
Peru has amended its Income Tax Law in July, 2012 and published it via Supreme Decree No. 258-2012-EF on December 18, 2012.By: Nandita Verma | 2013-02-18 | Business
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China strengthens data privacy laws
The Chinese government has recently passed a resolution intensifying data privacy laws in the country.By: Nandita Verma | 2013-02-18 | Business
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Australian directors become personally liable for unpaid superannuation
The Australian government has extended provisions regarding penalties for directors.By: Nandita Verma | 2013-02-11 | Business
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Brazil companies evaluating taxable income under actual profit method will be qualified for accelerated depreciation
Brazil: Companies Evaluating Taxable Income under Actual Profit Method will be Qualified for Accelerated DepreciationBy: Nandita Verma | 2013-01-29 | Business
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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.By: Nandita Verma | 2013-01-28 | Business
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Budgetary updates 2013 canada cuba belgium
Know more about Belgium Provisions in Budget 2013, Canada 2012 Federal Budget Measures Adopted, Cuba Overhauls the Tax System with Nair & Co., your ideal partner during international business expansion.By: Nandita Verma | 2013-01-28 | Business
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Brazil amends transfer pricing system
The Brazilian government has amended its Transfer Pricing Regulations (TPR), which may affect companies doing business in the country. New Normative Instruction (NI) 1,312 regulating new transfer pricing provisions were issued.By: Nandita Verma | 2013-01-24 | Business
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Czech republic approves austerity measures and amends vat laws
The Czech Republic government has opted for austerity measures and amendments to individual income tax, withholding tax, excise tax and VAT provisions.By: Nandita Verma | 2013-01-24 | Business