• Businesses in Netherlands can now benefit from Accelerated Depreciation
  Netherlands has recently introduced accelerated depreciation related provisions which are in effect from July 1, 2013. This is a temporary measure and allows companies operating in the country to claim accelerated depreciation of up to 50% on their investments, if certain conditions are fulfilled.
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• Canada Introduces Aggressive Measures to Counter Tax Evasion Schemes: Canada Budget Update from International Tax Advisory Team
  Canada recently announced its budget for 2013 and all taxation measures, unless otherwise indicated, will apply retroactively from January 1, 2013. Here are some key highlights of the Canada Budget 2013 compiled by the international tax advisory services team at Nair & Co.
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• Canada Introduces Economic Action Plan 2013
  The Canadian Minister of Finance recently introduced the Economic Action Plan 2013 Act in an effort to stimulate the economy and job creation, reports Nair & Co. International Tax Team.
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• Canada Offers New Tax Credit for Care-givers
  Canada has announced a federal tax credit for families which came into effect on January 1, 2012.
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• Canada Releases Ceilings and Rates for Pension Contribution for 2014
  The Canadian government has announced an increase in the maximum pensionable earnings under the Canadian Pension Plan (CPP), reports Nair & Co.’s International HR Team.
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• Canada to Introduce Mandatory Health and Safety Training Guidelines: Updates from International HR and Payroll services Team
  Canada is introducing new guidelines under the Occupation Health and Safety Act (OHSA) making it mandatory for all Ontario-based companies to ensure their workers and supervisors to complete their mandatory Occupational Health and Safety training programs by January 1, 2014. Employers who fail to comply could be fined by the Ministry of Labor (MOL).
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• Canada’s Budget Update - A Quick Glance at Canada’s International Tax
  Canada recently announced its budget for 2013 and all taxation measures, unless otherwise indicated, will apply retroactively from January 1, 2013.
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• Chilean Government Plans Tax Reforms for Small and Medium Enterprises
  Chile plans to introduce a new tax regime ultimately benefiting Small and Medium Enterprises (SMEs)
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• China Amends Company Law Provisions
  China’s National People’s Congress approved recent modifications suggested under the company law of the People's Republic of China (PRC).
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• China Defines Software Products Eligible for VAT Refunds; Plans To Introduce VAT in Shanghai
  China's Ministry of Finance (MoF) and the State Administration of Taxation (SAT) issued a circular detailing Value Added Tax (VAT) incentives for software products and clarified certain implementation issues. Circular 100 which was released on October 13, 2011, will be effective from January 1, 2011 retrospectively.
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• China Mandates Annual Corporate Reporting in Shanghai Free Trade Zone
  China recently announced that companies operating within Shanghai?s ?Pilot? Free-trade Zone must publish certain business information.
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• China revamps the resident certificate procedure for tax arrangement with Hong Kong
  China’s State Administration of Taxation (SAT) department recently announced that the Mainland China tax authority may determine tax resident status of a business or entities operating in Hong Kong.
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• China Strengthens Data Privacy Laws
  The Chinese government has recently passed a resolution intensifying data privacy laws in the country. These regulations contain significant and comprehensive requirements relevant to the collection and processing of electronic personal information.
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• China Strengthens Data Privacy Laws
  The Chinese government has recently passed a resolution intensifying data privacy laws in the country. These regulations contain significant and comprehensive requirements relevant to the collection and processing of electronic personal information.
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• China to ease Company Set Up Norms and Requirements
  The Chinese government is likely to approve reforms related to its corporate laws in an effort to decrease the hassles involved in setting up a new business, reports Nair & Co.’s International Business Expansion Team.
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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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• Colombia Introduces Major Tax Reforms
  The Colombian Government has recently introduced various measures which include new individual income tax, corporate tax, VAT and consumption tax provisions, and has redefined the permanent establishment rules for corporate. These new reforms are likely to affect companies doing business in Colombia.
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• Colombia Introduces Major Tax Reforms
  The Colombian Government has recently introduced various measures which include new individual income tax, corporate tax, VAT and consumption tax provisions, and has redefined the permanent establishment rules for corporate. These new reforms are likely to affect companies doing business in Colombia.
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• Croatia's Corporate Tax Law Amendments To Take Effect March 1
  Croatia’s parliament passed the amendments related to the Corporate Income Tax Law which is expected to come into effect from March 1, 2012.
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• Czech Republic Presents Updated Taxation Bill: Update from International Tax Compliance Services Team
  The Czech Republican government has recently accepted the first reading of a Bill initiating changes to tax laws especially regarding private law re-codification, says Nair & Co. which provides international expansion services for companies setting up foreign operations.
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