- Australia Increases Super (Superannuation Guarantee), the Required Employer Retirement Contribution Rate
The Australian government has announced significant changes to the Super regime. Super contributions will eventually increase to 12% by 2020, reports Nair & Co.’s International HR Team.
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- Australia may limit employment-related tax benefits
The Australian government has made strides towards imposing restrictions on certain employment-related tax benefits, reports Nair & Co.’s International Tax Team.
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- Australia Proposes Amendments to GAAR (Part IVA) to Counter Tax Dodging
The Australian government has introduced Tax Laws Amendment (Countering Tax Avoidance and Multi National Profit Shifting) Bill 2013 on February 13, 2013.
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- Australia Releases Fair Work Amendment Bill 2013
On March 21, 2013, the government initiated the Fair Work Amendment Bill 2013 (Amendment Bill) into the federal Parliament. The Bill includes a broad range of amendments intended at making employment more flexible and family friendly, and providing the Fair Work Commission (FWC) authority to deal with anti social claims at the workplace says Nair & Co., which provides Global HR services for companies expanding overseas.
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- Australia Strengthens Data Privacy Laws
Australia is working towards strengthening its privacy laws for both public sector and private companies based in the country. The Privacy Amendment (Enhancing Privacy Protection) Bill 2012 was passed by the Federal Parliament on 29th November 2012, and is expected to be effective from March 2014.
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- Australia Tax Changes may affect Multinational Employers and Employees
The Australian Taxation Office (ATO) has introduced new regulations which may affect individuals including multinational employers and expatriates on international assignments working in the country, says Nair & Co. which provides global HR services for companies setting up foreign operations.
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- Australia Tightens Corporate Governance Responsibilities of Directors and Officers
Australia has amended work health and safety (WHS) laws which are likely to be implemented in early 2013, increasing corporate governance responsibilities for directors and officers of companies doing business in the country.
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- Australia’s Amendments to Counter Tax Evasion – What You must Know
The Australian government has introduced the Tax Laws Amendment (Countering Tax Avoidance and Multi National Profit Shifting) Bill 2013 on February 13, 2013. The draft amendments are expected to address schemes which are technically compliant with the law but, may have been carried out to evade tax.
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- Australian companies to increase retirement benefit to 9.25 % next month
Come July 2013, the minimum compulsory contribution rate of employers under the Act for “eligible employees” will increase to 9.25 per cent.
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- Australian Directors Become Personally Liable for Unpaid Superannuation
The Australian government has extended provisions regarding penalties for directors. The new director penalty regime makes directors personally liable in case their company fails to make certain compulsory payments or superannuation payments like tax withholding from employees’ wages.
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- Australian Federal Court Clarifies that Reasonable Performance Management is not “Adverse Action”
In a case which involved Mr. Ramos and Good Samaritan Industries (GSI), Justice Barker has upheld Federal Magistrate Rolf Driver’s earlier verdict which held that reasonable performance management would not be considered as an adverse action.
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- Austria Eases the Minimum Requirements for a GmbH
On July 1st, 2013, the Austrian government has lowered the minimum share capital for a GmbH from EUR 35,000 to EUR 10,000, says Nair & Co. which provides international expansion services for companies setting up foreign operations.
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- Autumn Statement 2013: the UK Government's Plans for the Economy
The UK’s Chancellor of the Exchequer recently presented the Autumn Statement to Parliament. A majority of the provisions outlined in the Statement will be effective starting 2014.
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- Bahrain Reduces Foreign Worker Tax by 50%
(Bristol, UK) - The Bahrain government has given a go ahead to reduce fees levied on foreign workers in an attempt to increase business activities of small and medium enterprises (SMEs), reports the Nair & Co. International Tax Team.
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- Belgium Announces New Reporting Obligation; Payments Made in Tax Havens must be Reported
Belgium has announced a clarification to Circular 13/2010 (Ci. RH.421/607/890) of November30, 2010. Payments of EUR 100,000 or more, made to recipients in Tax havens, need to be reported mandatorily.
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- Belgium introduces Fairness tax
The Belgian government, in order to control the fiscal budget, has introduced a "fairness tax" on companies, says Nair & Co. which provides international tax consulting for companies expanding overseas.
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- Belgium to increase Minimum Salary for Type “B” Work Permit Workers
The Belgian government has announced a nearly two percent increase in the minimum salary requirements for highly skilled foreign workers applying for Type “B” work permits. This change will be effective 1 January 2014, reports Nair & Co.’s Human Resources team.
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- Brand Management Solutions
Global brand management solutions from New Momentum is sufficiently equipped to successfully protect your intellectual property in a rogue world. Ensure effective global brand management by locating & shutting down new targets and networks that sell counterfeit.
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- Brand Management Solutions
Global brand management solutions from New Momentum is sufficiently equipped to successfully protect your intellectual property in a rogue world. Ensure effective global brand management by locating & shutting down new targets and networks that sell counterfeit.
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- Brazil Amends Tax Reporting Obligations
Brazil recently published changes to certain tax provisions which require reporting information to the Integrated System for the Foreign Trade of Services, Intangibles and Other Transactions (SISCOSERV system).
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