• Powerful Data Diagnostic Capabilities
  Glassbeam’s Support Portal brings perceptive & powerful analytics & diagnostics capabilities to technical support engineers. It helps improve proactive problem identification capabilities & enables users to get granular details on event data.
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• Russia Clarifies Regulations Related to Withholding Tax on Payments to Foreign Legal Entities
  The Russian government has clarified that a resident legal entity acting as a tax agent will not be allowed to pay Corporate Income Tax (CIT) due on behalf of a foreign legal entity that derives income in the country.
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• South Korea Announces Tax Hike; Business Entities in the Country Affected
  The South Korean government has announced changes to its tax laws that would increase tax rates for both large businesses operating in the country and employees. The new law changes are expected to increase South Korean tax revenues by KRW 1.8 Trillion and raising taxes on capital gains and tax rates.
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• Spain Introduces New VAT Cash Accounting Scheme and Changes to certain VAT Deadlines
  Spain has introduced a new Special VAT Cash Accounting Scheme. The new scheme is designed to support entrepreneurs. The changes introduced by the recent amendment will be effective 1 January 2014, reports Nair & Co.’s International Tax team.
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• Taxation and company updates in India, China, Netherlands and Switzerland
  Nair & Co., the leader in international business expansion and support, publishes HR, regulatory, taxation and company updates for the current week.
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• United Kingdom Introduces Changes to Employment Law Regulations
  The Enterprise and Regulatory Reform Act 2013 introduces an array of changes to the UK employment law. The recent changes in the UK employment law are expected to affect companies doing business in the UK, says Nair & Co.’s International HR Team.
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• United Kingdom Introduces Immigration Changes
  The UK has announced changes to the Visa and Immigration Point-Based system and introduced new rules which involve the application processes of Tier 1, 4 and 5 visa sponsors.
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