• Argentina Approves Tax Amnesty on Unreported Foreign Currency: Update from International Tax Compliance Services Team
  The Argentinean Government has approved new Tax Amnesty in bid to encourage investors to declare non-reported foreign currency either within or outside the nation, says Nair & Co. which provides international tax consulting for companies expanding overseas.
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• Australia Firms up Penalties for Unauthorized Employment: International HR Services Team
  Australian government has introduced new provisions subjecting businesses and corporate employees to harsher penalties like compulsory civil penalty for employing unauthorized expatriate employee and individual liability for noncompliance, respectively.
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• Australia to implement altered privacy law from March 2014
  Are you aware of the modifications to Privacy Laws in Australia? A change to the privacy laws in Australia is likely come into force from March 21, 2014 providing a new definition of ‘personal information’.
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• China and Netherlands Sign New Tax Treaty to Encourage Investment
  The People’s Republic of China and the Netherlands have signed a new tax treaty on May 31, 2013 which is expected to replace the current tax treaty (signed in 1987).
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• China and Netherlands Sign New Tax Treaty to Encourage Investment
  The People’s Republic of China and the Netherlands have signed a new tax treaty on May 31, 2013 which is expected to replace the current tax treaty (signed in 1987).
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• Argentina Raises Social Security Related Salary Thresholds
  Argentina has increased the salary limits related to social security, reports Nair & Co. which provides global HR services for companies setting up foreign operations.
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• Australian companies to increase retirement benefit to 9.25 % next month
  Come July 2013, the minimum compulsory contribution rate of employers under the Act for “eligible employees” will increase to 9.25 per cent.
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• Netherlands Presents an Amended Budget for 2014
  The Dutch government has presented an amended budget to the parliament altering important provisions regarding tax rates, tax credits and payroll taxes.
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• Portuguese Exempt Withholding Taxes on certain foreign remittances
  The Portuguese government has adopted the EU Directive to reduce exempt withholding tax applicable on interests and royalties, reports Nair & Co.’s International Tax Compliance Services Team.
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• UK Eases Facilitation of Trade, Travel and Investment by Chinese
  The U.K. government has announced to take additional steps to encourage trade, travel and investment between the U.K. and the People’s Republic of China (PRC), reports Nair & Co.’s International Expansion Team.
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