• Chile Mandates E-invoicing System
  The Chilean government has made it mandatory for all businesses to follow the e-invoicing system effective 31 January 2014. The new measure’s aim is to reduce manual paperwork, physical stamping of documents and save costs, time and storage, updates Nair & Co. which provides international tax consulting services for companies expanding overseas
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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 Business Visa Update: Applicants must Submit Invitation Letter
  Foreign workers trying to procure a business visa for China now have to submit an invitation letter issued by a local corporation or by the Chinese authorities along with other requisites.
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• China Clarifies Enterprise Income Tax incentive for Technology Transfers
  The Chinese State Administration of Taxation (SAT) recently issued clarification on the definition of income from transfer of technology by resident companies, reports Nair & Co.’s International Tax Team.
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• China Eases Foreign Exchange Restrictions to Encourage FDI Inflow
  China’s State Administration of Foreign Exchange (SAFE) simplifies foreign exchange rules relating to foreign direct investment to attract foreign investment into China.
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• China Revises Income Tax Incentives for Software and Integrated Circuit Manufacturers
  China has revised the enterprise income tax incentives for software and integrated circuit (IC)companies as per a notification released jointly by the Ministry of Finance and the State Administration of Taxation (SAT).
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• China simplifies Taxation of Secondment Employment
  The Chinese Government’s State Administration of Taxation (SAT) issued Announcement 19, which clarifies the situation under which cross-border secondments of expatriate employees by multi-national companies (MNC) in China creates a taxable situation.
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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 Labor Union Movement Affecting Foreign-Invested Enterprises
  China’s state-run All China Federation of Trade Unions (ACFTU) has announced it aims create labor unions in 65% of the country’s foreign-invested enterprises by the end of the year 2011 and increase the percentages to 78% by 2012 and 90% by 2013. The enforcement campaign is affecting companies with subsidiaries in the PRC as some face increased costs in complying with the labor union requirements,” said Dr. Shan Nair, CEO and Co-founder of Nair & Co., a global services firm that specializes in helping companies expand overseas.
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• Chinese Government Extends the VAT Nationally: International Tax Advisory Team
  China’s State Council has recently announced that the Value Added Tax (VAT) pilot program will be implemented nationwide from August 1, 2013. The pilot program is currently in force only in a few cities and provinces.
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• Considerations for Employee Benefits When Hiring Overseas Workers – Global HR Providers Can be of Great Help
  The key component of any business is its workforce, and it is crucial to have a strong and supportive staff to take your business to greater heights.
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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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• 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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• Denmark Declares Increased Taxation for Employer-provided Free Residence
  Denmark has confirmed that it will abolish some beneficial tax regulations concerning employer-provided ‘free housing’ with effect from January 1, 2013. For the purpose of taxation of a ‘free’ residence, the taxable base which was set at 98,000 DKK per year, will now be based on the residence’s market value.
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• Denmark Publishes Changes to Corporate Income Tax Provisions: Update from International Tax Compliance Services Team
  The Danish government recently published new provisions concerning corporate income tax, accepting several measures announced in the circular "Vækstplan DK - stærke virksomheder, flere job", says Nair & Co. which provides international tax consulting for companies expanding overseas.
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• Doing Business In Asia Pacific - A "How To" Workshop With Industry Leaders
  Nair & Co, invites you to Greater Fort Lauderdale Chamber of Commerce and iConnect Event - “Doing Business In Asia Pacific - A "How To" Workshop With Industry Leaders” where Dr. Shan Nair highlights needs of business expanding or existing in Asia Pacific.
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• Doing Business Internationally: Risks and Protections in the Current Global Economy
  Join CFO Magazine and Nair & Co. for a complimentary 60-minute webinar highlighting the leading issues that business leaders must plan for and the opportunities they should not miss in the current global economy.
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• Dubai Reiterates Free Business Zone Rules
  Dubai's Department of Economic Development has clarified that companies established in the Free Zones across the UAE, need to have a registration and license, mandatorily, in case of availing the benefits of previous laws.
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