• Learn How UK Intends 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. This move is a serious blow to those who avoid tax through UK’s tax havens.
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• Luxembourg Implements New Tax Provisions
  Luxembourg has implemented various measures with the aim of increasing revenue through taxation. Most of the provisions come into effect from January 1, 2013.
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• Malaysia Launches Immigration E-Filing System
  The Malaysian Immigration Department (MID) launched anew electronic filling web portal (for online submission of employment pass applications) on 10 March 2014
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• Malaysia Proposes 2014 Budget
  The Government of Malaysia has presented its budget for 2014 proposing replacement of Sales and Service tax with a Goods and Services Tax (GST).
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• Malaysian Court Takes Actions Against Director for Failing to File Company’s Annual Return
  The Petaling Jaya Magistrate Court of Malaysia recently convicted the director of Srimas Klasik Sdn Bhd on two charges for failing to file the companies’ Annual Return to the Registrar of Companies, the Suruhanjaya Syarikat Malaysia (SSM).
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• Malta Budget 2013: Tax Exemptions for Domestic Mergers and Group Restructuring
  Malta’s national budget for 2013 aims to continue the country’s financial consolidation plan, build up the social security net and promote investments.
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• Mauritius Strengthens Substance Requirements
  In recent changes Mauritius has put in place safeguards for global business companies to minimize the perception that the country is used as a route for avoiding taxes for foreign investments into India.
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• Mexico Approves Tax Reform Package for 2014
  The Mexican Chamber of Deputies recently approved a tax reform package enacting a new Income Tax law and changing various important provisions, outlined below.
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• Mexico Raises Minimum Wage for 2014 for Geographic Zones "A" and "B"
  Mexico’s National Minimum Wage Commission has increased the minimum wage by 3.9% for geographic Zones "A" and "B." The new wages were effective as of 1 January 2014.
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• Mexico Verifying Work Authorization Applications
  The Mexican government’s immigration agency, the National Institute of Immigration (INM), has started contacting business entities that have filed work authorization applications for foreign workers to verify information provided in the work authorization applications.
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• MNCs in France to Follow Digitalized Accounting Systems – Know More
  Effective from January 1, 2014, foreign companies carrying out business activities in France and preparing their overseas accounts using non French accounting standards (e.g. U.S. GAAP) have to follow the new mandatory documentation regulations.
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• MNCs in France to Follow Digitalized Accounting Systems – Know More
  Effective from January 1, 2014, foreign companies carrying out business activities in France and preparing their overseas accounts using non French accounting standards (e.g. U.S. GAAP) have to follow the new mandatory documentation regulations.
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• Nair & Co. Appoints Former Ambassador Sir Alan Collins as its Non-Executive Chairman
  Nair & Co., the leader in international business expansion services, has appointed Sir Alan Collins KCVO CMG as its non-executive Chairman, the company announced on February 28, 2012.
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• Netherland Companies MUST Disclose Executive Pay to Works Councils
  The Cabinet of the Netherlands has approved Minister of Social Affairs and Employment?s proposal to publish management salaries of companies with more than 50.
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• Netherlands Presents an Amended Budget for 2014
  The Dutch government has presented an amended budget to the parliament altering important provisions regarding tax rates, tax credits and payroll taxes.
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• Netherlands Published Third Draft Bill altering Tax Plan 2014
  Netherlands recently passed a third amendment to the Tax Plan 2014, reports Nair & Co.’s International Tax Team.
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• Netherlands Rescinds Annuity-related Benefits for Severance
  Netherlands under its Tax Plan 2014 has repealed two annuity regulations concerning employee severance - the “annuity exemption” and the obligation to disburse installment payments for existing annuity entitlements.
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• New Zealand Introduces New Financial Reporting for Certain Companies
  The New Zealand government has issued minimum and simplified financial reporting requirements for small to medium-sized companies not subjected to the FR Act 13.
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• New Zealand Issues First Guidelines on Workplace Bullying
  The first comprehensive guidelines for preventing and responding to workplace bullying have been released in New Zealand by the WorkSafe New Zealand.
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• Overcoming the Challenges While Expanding Your Business Overseas
  A webcast produced by William Gallagher Associates. This webinar provides detailed information on international policies, compliance, HR, tax and legal aspects that matter to your business.
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