• Hong Kong’s Reduction in Profit Tax – What You must Know
  Hong Kong has proposed 75% reduction in Profits tax, waiver of business registration fee and reduction in salaries tax in its recently released annual budget said Nair & Co., which provides international tax consulting for companies expanding overseas.
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• How Does Singapore Budget 2013 Affect Enterprises
  In its 2013 budget, Singapore has announced a 30 % corporate tax rebate, a Wage Credit Scheme, and an innovation credit among other measures to encourage enterprise growth and help employers with rising labor costs. Here’s a look at the key highlights of the budget for the enterprises in Singapore.
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• How UK’s Revised Immigration Policy will Affect Businesses
  To make your international project a successful one, it is important to be well-advised about local laws and politics. Here are the latest amendments to UK’s latest amendments to the immigration rules, along with clarifications on the various administrative anomalies, in addition new provisions are introduced which may have wide implications.
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• HR, Regulatory and Taxation Highlights from India and Spain
  Nair & Co., the leader in internationalization services releases HR, Regulatory and Taxation updates for the current week.
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• Human Resource Outsourcing Services Can Make Your International Expansion a Success
  Employees are the backbone of a company, and their contribution towards the growth of an enterprise is worthy of acknowledgement. When expanding a business in a foreign location, an enterprise needs to be aware of the importance of skilled and dedicated labor.
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• Hungary amends corporate law
  Hungary is likely to amend its civil code making significant changes to the country’s corporate law effective March 2014, reports Nair & Co.’s International Compliance Team.
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• Hungary amends corporate law
  Hungary is likely to amend its civil code making significant changes to the country’s corporate law effective March 2014, reports Nair & Co.’s International Compliance Team.
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• Impact of Singapore Budget 2013 on Individuals
  Singapore in its 2013 budget reinforces the government’s commitment to carry on with its drive to develop Singapore’s output and maintain strong growth over the long term. Here is a quick glance at the highlights of the Singapore Budget 2013.
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• India – New Rule Allows Use of ‘Other Method’ for Determining Arm’s Length Principle
  The Indian Tax Administration has introduced a new transfer pricing method which uses the ‘other method’ for determining Arm’s length Principle (ALP) for international transactions.
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• India Announces Marketing and Related Support Services to Affiliate Abroad to Qualify as Export
  In a recent ruling involving Tandus Flooring India Private Limited, the Indian Authority for Advance Ruling (AAR) declared that marketing and related support services rendered by the Indian company to its affiliate entity abroad would qualify as export and hence, not liable to Service tax.
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• India Clarifies Trademark Rules for Pharmaceuticals
  The Indian government has released a list of international non-proprietary names (INN) as recognized by the World health Organization, which cannot be registered as trade marks for pharmaceutical products.
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• India Extends Due Date for Filing E-forms 23AC (Non-XBRL) and 23ACA (Non-XBRL)
  India has extended the due date for filing of e-form 23AC (Non-XBRL) and 23ACA (Non XBRL) with the issuance of General Circular No.38/2012 dated November 23, 2012.
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• India Introduces Changes to EEFC Account Norms
  The Indian Government has introduced changes to the Exchange Earners' Foreign Currency Account (EEFC) norms. As part of the revision, exporters or individual professionals who have an EEFC account will now have to convert 50 percent of their balances into rupee balances, and they will also be given permission to purchase foreign exchange by accessing the forex market only after extinguishing their existing EEFC account balances.
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• India Introduces E-waste Management Rules for Manufacturers and Consumers of Electronics
  The Indian Ministry of Environment & Forest (MoEF) has introduced e-waste management rules for the safe disposal and handling of e-waste (Waste electric and electronic equipments) in order to reduce and recycle e-waste in the country.
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• India Introduces E-waste Management Rules for Manufacturers and Consumers of Electronics
  The Indian Ministry of Environment & Forest (MoEF) has introduced e-waste management rules for the safe disposal and handling of e-waste (Waste electric and electronic equipments) in order to reduce and recycle e-waste in the country.
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• India Issues Consolidated FDI Policy to Attract Foreign Investment: Update from International Expansion Services Team
  The Indian government has released consolidated Foreign Direct Investment (FDI) policy guidelines which are expected to simplify India’s FDI rules for foreign investors and stimulate economic growth, says Nair & Co. which provides international expansion services for companies setting up foreign operations.
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• India Issues New Requirements for Permanent Account Numbers (PAN)
  The new measures aim to reduce the number of fake PAN cards or multiple PAN cards obtained by companies and individuals, verify personal and proprietary data, stop forging details to evade taxes, reports Nair & Co.’s International Compliance Team
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• India Likely to Amend Labour Laws
  The Planning Commission of India has recommended an overhaul of the existing labour laws in order to give a boost to the sagging manufacturing sector, says Nair & Co. which provides global HR services for companies setting up foreign operations.
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• India Passes Finance Bill for 2013-14: Updates from International Tax Consulting Team
  The Indian parliament cleared the Finance Bill on April 30, 2013. It has issued a clarification regarding Tax Residency Certificates (TRC) issued by a foreign government.
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• India Publishes Tax Amnesty Application Procedure for Service Tax Defaulters
  Further to the announcement of the Service Tax Voluntary Compliance Encouragement Scheme, 2013 (referred to as ‘Service Tax Amnesty Scheme’), the Indian Government has recently published a detailed application process for making an application under the scheme.
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