• Australia Amends Liability of Directors and Officers: Update International Expansion Services Team
  In order to simplify the process of imposing criminal liability on directors and managers of Australian Companies the Council of the Australian Governments (COAG) has decided, that all Australian jurisdictions will have a common code.
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• Australia Amends Trade Mark Law on April 15, 2013: Update from International Expansion Team
  The provisions of the Intellectual Property Laws Amendment (Raising the Bar) Act 2012 (Cth) proposing changes to the trade mark law in Australia were implemented on April 15, 2013.
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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.
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• Australia Strengthens Data Privacy Laws
  Australia is working towards strengthening its privacy laws for both public sector and private companies based in the country. The Privacy Amendment (Enhancing Privacy Protection) Bill 2012 was passed by the Federal Parliament on 29th November 2012, and is expected to be effective from March 2014.
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• Brazil Amends Tax Reporting Obligations
  Brazil recently published changes to certain tax provisions which require reporting information to the Integrated System for the Foreign Trade of Services, Intangibles and Other Transactions (SISCOSERV system).
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• China’s Draft Labour Dispatch Provisions
  The Chinese government recently issued draft regulations relating to provisions of Labour Dispatch. Public comments were sought till the first week of September, says Nair & Co.’s International HR Services Team.
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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.
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• Hungary amends corporate law
  Hungary is likely to amend its civil code making significant changes to the country’s corporate law effective March 2014, reports Nair & Co.’s International Compliance Team.
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• Hungary amends corporate law
  Hungary is likely to amend its civil code making significant changes to the country’s corporate law effective March 2014, reports Nair & Co.’s International Compliance Team.
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• Peru Amends Tax Haven Status and Sets Deductible R&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. This decree specifies the new regulations regarding tax havens, and sets a limit on deductible Research & Development expenses.
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• Singapore Amends Foreign Manpower Act; Expatriates Affected
  In recently implemented amendments to Foreign Manpower Act (EFMA), Singapore has increased law enforcement capabilities of its Ministry of Manpower (MOM) and also redesigned the Personalized Employment Pass (PEP) scheme available to highly skilled foreign workers.
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