• Finance Minister Gets Tough with Indirect Tax Evaders
  In a harsh message to indirect tax evaders, the Indian finance minister P. Chidambaram has said that the revenue department will target around 12 lakh service tax assesses who have stopped filing returns.
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• France Issues Tax Regularisation Circular
  The French Finance Ministry via a circular issued on 21st June, has laid down certain norms for the treatment and tax consequences applicable to individual French taxpayers, who voluntarily want to regularise their tax situation with respect to untaxed offshore accounts.
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• India Hikes Debt Limits by $5 Billion for Long-term Foreign Investors: Update from International Expansion Services Team
  The Indian government has raised debt limits for long-term foreign investors in order to stabilize the debt market. In the past 2 weeks $3 billion were drained from the debt market weakening the rupee rapidly as global investor started taking their investments.
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• Mexico mandates e-invoicing
  Taxpayers in Mexico with a turnover exceeding MXN 250,000 a year mandatorily require to issue electronic invoices from the year 2014. This will be required for both inbound and outbound invoices announced the Tax Administration Service on July 15th.
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• Poland Amends VAT Regulations: Update from International Tax Compliance Services Team
  The Polish government has made a slew of amendments to the value added tax (VAT) provisions in the second phase, says Nair & Co. which provides international tax consulting for companies expanding overseas.
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• South Australia Cuts Payroll Taxes
  Around 2,20,000 businesses have been rewarded with temporary payroll tax concessions from July 1, 2013 till June 30, 2015, said Treasurer Jay Weatherill, while presenting the South Australia Budget for the year 2013.
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