• Brazil Amends Transfer Pricing System
  The Brazilian government has amended its Transfer Pricing Regulations (TPR), which may affect companies doing business in the country. New Normative Instruction (NI) 1,312 regulating new transfer pricing provisions were issued.
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• Brazil Approves Additional Labor Rights for Domestic Employees
  The Brazilian government has approved a proposal that grants additional labor rights to domestic employees. The proposal which guarantees equal rights to both domestic and salaried workers is likely to incur a substantial increase in costs for domestic employers in Brazil, says Nair & Co.’s International HR Services Team.
  in Public bookmarks with brazil brazil: domestic employees employers for hr international labor law new obligations of rights services by 2 users
• Brazil Approves Additional Labor Rights for Domestic Employees
  The Brazilian government has approved a proposal that grants additional labor rights to domestic employees. The proposal which guarantees equal rights to both domestic and salaried workers is likely to incur a substantial increase in costs for domestic employers in Brazil, says Nair & Co.’s International HR Services Team.
  in Public bookmarks with brazil brazil: domestic employees employers for hr international labor law new obligations of rights services by 2 users
• Brazil Enacts Rigorous Anti Corruption Law
  Brazil has finally passed the long proposed Anti Corruption Law which will ensure that Brazilian and foreign companies with offices, branches or agents in the country are strictly liable for acts of corruption against public authorities, says Nair & Co. which provides international expansion services for companies setting up foreign operations.
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• Brazil Enacts Rigorous Anti Corruption Law
  Brazil has finally passed the long proposed Anti Corruption Law which will ensure that Brazilian and foreign companies with offices, branches or agents in the country are strictly liable for acts of corruption against public authorities, says Nair & Co. which provides international expansion services for companies setting up foreign operations.
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• Brazil Further Hikes Gross Revenue Limit Under Presumed Profit Method
  The Brazilian government has further raised the limit of gross revenue for companies assessing corporate income tax under the presumed profit regime to a maximum of BRL 78 million (Brazil had decided to raise the limit to BRL 72 million in April 2013).
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• Brazil Grants Additional Rights to Domestic Employees - What You must Know
  The Brazilian government has approved a proposal that grants additional labor rights to domestic employees. The proposal which guarantees equal rights to both domestic and salaried workers is likely to incur a substantial increase in costs for domestic employers in Brazil.
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• Brazil Increases PIS and COFINS Taxable Bases
  Brazil recently introduced significant changes to its tax legislation. As per the new legislation, the definition of corporate revenue has been amended. This may have a severe impact on taxpayers'PIS and COFINS liabilities which are levied on a company's gross revenue, reports Nair & Co. which provides international tax consulting for companies expanding overseas.
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• Brazil Issues Guidelines for Calculating Deduction of Interest
  Brazil recently issued guidelines for estimating the amount companies doing business in the country may deduct for interest payments on net equity, reports Nair & Co.’s International Tax Team.
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• Brazil Issues Guidelines for Calculating Deduction of Interest
  Brazil recently issued guidelines for estimating the amount companies doing business in the country may deduct for interest payments on net equity, reports Nair & Co.’s International Tax Team.
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• Brazil Launches Program to Verify Employees Details
  The Brazilian government has launched the preliminary phase of the electronic registration program under which business entities are asked to submit social identification number and birth date of all employees.
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• Brazil Proposes Revised Anti Corruption Law: Update from International Tax Compliance Services Team
  The Brazilian government has presented an anti-corruption bill for consideration before the senate; the anti- corruption bill imposes liability on businesses involved in foreign and domestic bribery.
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• Brazil Reduces Tax on Certain Financial Transactions to 0%: Updates from International Tax Consulting Team
  The Brazilian Government has reduced the rate of tax on financial transactions (IOF - imposto sobre operações financeiras) to 0% for certain infrastructure-related investments.
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• Brazil Tax Update: Minimum Average Term Further Reduced for Certain Financial Transactions
  Brazil makes further amendment to the provisions governing tax on financial operations (Imposto sobre Operações Financeiras – IOF) with the publication of Decree No. 7,853 which reduces the minimum average term for certain financial transactions with effect from December 5, 2012.
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• Brazil: Companies Evaluating Taxable Income under Actual Profit Method will be Qualified for Accelerated Depreciation
  The Brazilian government has regulated accelerated depreciation with the publication of Decree 7,854, effective from December 4, 2012. For corporate income tax purpose, companies evaluating their taxable income under actual profit method will be qualified for accelerated depreciation.
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• Brazil: New Decision on Transfer Pricing Policy
  The Brazilian tax authority (Receita Federal do Brazil—RFB) recently presented a new decision allowing taxpayers to adjust their transfer pricing policies.
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• Brazil’s Latest Tax Update Regarding Minimum Average Term for Certain Financial Transactions
  Brazil makes further amendments to the provisions governing tax on financial operations (Imposto sobre Operações Financeiras – IOF) with the publication of Decree No. 7,853 which reduces the minimum average term for certain financial transactions with effect from December 5, 2012.
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• Bribery convictions china, internal audit compliance, international expansion, doing business overseas
  China’s major investigatory and prosecutorial division - Supreme People’s Procuratorate (SPP) along with other PRC anti-corruption organizations declared the availability of a centralized database of individuals and companies charged with bribery offenses to the public
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• Britain Demands Visa Bond for High-risk Visitors from Six Countries Including India
  Britain has introduced a pilot scheme whereby it is going to ask for a £3,000 ($4,630) refundable visa bond for “high-risk visitors” from its six former colonies including Nigeria, Ghana, India, Pakistan, Bangladesh and Sri Lanka.
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• Budget 2013: Mexico Reforms Tax Provisions
  The Mexican budget, approved by the Congress, has been published in the Official Gazette on December 17, 2012.
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