- Saudi Arabia Makes Arabic Language Mandatory for Businesses
Saudi Arabia has made Arabic as the mandatory business language in all commercial and business dealings. Companies doing business in Saudi Arabia are required to abide by the new ruling requiring business and commercial documents like utility bills, advertising, contracts, and insurance certifications to be written in Arabic.
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- Sweden Reduces Corporate Tax Rate; Announces Tax Deductions for Investors
The Swedish government has planned to slash the corporate income rate to 22% from the existing 26.3%. The legislation taking effect from January 1, 2013, will be beneficial for companies doing business in Sweden.
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- Tax Filing Alerts: Hong Kong, Denmark, Ireland, Spain
The Inland Revenue Department said that it will issue the applicable version of “Employers return of remuneration and Pensions” (BIR 56A) on April 2, 2012
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- UK Likely to Impose FATCA to Clamp Down on Offshore Tax Havens
United Kingdom is planning to crack down on offshore tax havens by imposing its own version of Foreign Account Tax Compliance Act (FATCA). The proposal will not only force tax havens to reveal the identity of individuals behind concealed business entities, account holders and trusts, but also deal severely with those who try to hide money abroad.
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- United Kingdom’s Revised Timetable to Implement Employment Law Reforms
The United Kingdom has announced a revised timetable to accelerate the implementation process of the proposed employment law reforms which will improve flexibility and efficiency in the labor market, induce growth and create jobs.
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- United Kingdom’s Revised Timetable to Implement Employment Law Reforms
The United Kingdom has announced a revised timetable to accelerate the implementation process of the proposed employment law reforms which will improve flexibility and efficiency in the labor market, induce growth and create jobs.
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- United Kingdom’s Revised Timetable to Implement Employment Law Reforms
The United Kingdom has announced a revised timetable to accelerate the implementation process of the proposed employment law reforms which will improve flexibility and efficiency in the labor market, induce growth and create jobs.
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- What You must Know about Australia’s Transfer Pricing Amendments
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. The proposed start date for the Bill will be July 1, 2013, or the date, on which the Bill is passed, whichever is earlier.
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- What You must Know about Belgium’s New Tax Incentives
Belgium recently announced new tax incentives for individuals and companies that include reduced tax on pensions and profit deductions for small employers, said Nair & Co., which provides international tax consulting for companies expanding overseas.
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- What you must Know about Ireland’s Amendments to Business & Individual Taxation
The Irish government has modified provisions pertaining to business and individual taxation in the recent Finance Bill 2013.
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- What you must Know about Peru’s Amendments to its Income Tax Law
When doing business overseas, most of the businesses usually need to deal with the ever-changing tax laws, compliance practices, and penalties as foreign governments look to increase their tax revenues from the international trade.
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