• Australia Budget 2013-14: Fringe Benefits Tax Rate Increased, Scope of PAYG Extended and Proposed Income Tax Reductions Postpon
  The Australian government has released its budget for 2013 which targets savings to bring the budget back to surplus. With a budget that predicts a minor deficit next year and a surplus in 2015, Australia has made some positive assumptions, says Nair & Co.’s International Tax Consulting Team.
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• Czech Senate accepts amendments to Income Tax Law
  The Czech Senate recently approved a special law measure to amend the Income Tax Law. For this amendment to be enacted, it needs to be rectifies by a new Chamber of Deputies.
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• NRI-Non Resident Indian-FAQs on Income Tax for AY 2014-15
  Residential status of an individual or HUF or a company is of great importance in Indian Income Tax Act as the liability to pay tax in India does not depend
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• Short term capital gain will continue in FY 2013-14
  Indian government does not want to abolish the short term capital gain tax on securities
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• Vietnam introduces various immigration changes
  The Vietnamese Ministry of Labor, Invalid and Social Affairs (MOLISA) has announced new immigration rules which will affect the work permit application requirements and process, reports Nair & Co.’s Global HR Team.
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