• 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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• Argentina Tightens Exchange Control Regulations; Impacts Employees Share Plans
  Argentina has restricted its residents’ ability to purchase foreign currency and remit funds outside Argentina. The new regulations, expected to stay in effect at least till 2014, impact the current employee share purchase plans and the ability of companies to offer news plans to local employees in Argentina.
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• Argentina’s New Systems for Recording Overseas Payments – What You must Know
  The Argentinian government has introduced a new electronic system i.e. the “Single Electronic Window of Foreign Trade” which will enable data transfer and tracking of international trade transactions and commercial information, between different government bodies in Argentina.
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• Argentina’s Revised Transfer Pricing Regulations – What you must Know
  With an increasing number of countries now imposing transfer pricing documentation requirements, it has become essential to use finely tuned methods for the efficient document transfer pricing policies.
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• Argentine Government Introduces Withholding Tax on Exports
  The Argentine Tax Authority (AFIP) introduced legislation under which a Withholding Tax of 0.5% will be charged on all triangular exports.
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• Australia Eliminates Sponsorship Limits on Subclass 457 Visas
  The Australian Department of Immigration and Border Protection (DIBP) has recently eliminated the sponsorship limits on subclass 457 visas.
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• Australia Increases Super (Superannuation Guarantee), the Required Employer Retirement Contribution Rate
  The Australian government has announced significant changes to the Super regime. Super contributions will eventually increase to 12% by 2020, reports Nair & Co.’s International HR Team.
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• Australia Issues Draft Taxation Rules on Permanent Establishments
  The Australian Taxation Office (ATO) has issued draft taxation rules on permanent establishments, inviting comments from the public.
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• Australia may limit employment-related tax benefits
  The Australian government has made strides towards imposing restrictions on certain employment-related tax benefits, reports Nair & Co.’s International Tax Team.
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• Australia Proposes to Reduce New South Wales Workers’ Compensation Benefits
  The Australian government has proposed to drastically revise New South Wales (NSW) workers' compensation benefits claims.
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• Australia Releases Fair Work Amendment Bill 2013
  On March 21, 2013, the government initiated the Fair Work Amendment Bill 2013 (Amendment Bill) into the federal Parliament. The Bill includes a broad range of amendments intended at making employment more flexible and family friendly, and providing the Fair Work Commission (FWC) authority to deal with anti social claims at the workplace says Nair & Co., which provides Global HR services for companies expanding overseas.
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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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• Australia to Reform Business Name Registration Process
  Australia will soon launch the National Business Names Register which will enable companies to use a single form to register a business name across all Australian states and territories.
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• Australia’s Amendments to Counter Tax Evasion – What You must Know
  The Australian government has introduced the Tax Laws Amendment (Countering Tax Avoidance and Multi National Profit Shifting) Bill 2013 on February 13, 2013. The draft amendments are expected to address schemes which are technically compliant with the law but, may have been carried out to evade tax.
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• Austria Eases the Minimum Requirements for a GmbH
  On July 1st, 2013, the Austrian government has lowered the minimum share capital for a GmbH from EUR 35,000 to EUR 10,000, says Nair & Co. which provides international expansion services for companies setting up foreign operations.
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• Austria Likely to Introduce Reverse Charge Tax Rules to Combat VAT Fraud
  The Austrian Minister for Finance, Maria Fekter recently announced plans to combat Value Added Tax (VAT) fraud. The Austrian government is expected to introduce a reverse charge mechanism on a number of goods prone to VAT fraud.
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• Autumn Statement 2013: the UK Government's Plans for the Economy
  The UK’s Chancellor of the Exchequer recently presented the Autumn Statement to Parliament. A majority of the provisions outlined in the Statement will be effective starting 2014.
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• Belgium Changes Withholding Tax Rates
  The Belgian government has decided to reduce the rate of withholding tax on dividends paid by small- and medium-sized enterprise (SME) to 15 or 20 percent, depending on certain conditions (from 25 percent).
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• Belgium Introduces Changes to Employment Law Regulations
  Belgian Official Gazette recently published a new employment regulation outlining employment termination notice periods for both blue and white collar employees, effective 1 January 2014.
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• Belgium introduces Fairness tax
  The Belgian government, in order to control the fiscal budget, has introduced a "fairness tax" on companies, says Nair & Co. which provides international tax consulting for companies expanding overseas.
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