• Australia to implement altered privacy law from March 2014
  Are you aware of the modifications to Privacy Laws in Australia? A change to the privacy laws in Australia is likely come into force from March 21, 2014 providing a new definition of ‘personal information’.
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• Are your Marketing Efforts the Picture of Health?
  DMP recognizes the growing emphasis on honesty and transparency in the healthcare industry. DMP has several strategies to develop and deliver successful marketing campaigns.
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• Belgium Changes Withholding Tax Rates
  The Belgian government has decided to reduce the rate of withholding tax on dividends paid by small- and medium-sized enterprise (SME) to 15 or 20 percent, depending on certain conditions (from 25 percent).
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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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• Chilean Government Plans Tax Reforms for Small and Medium Enterprises
  Chile plans to introduce a new tax regime ultimately benefiting Small and Medium Enterprises (SMEs)
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• China Exempts Small-sized Business from VAT and Business Tax
  On July 29, 2013, the Chinese Finance Ministry (MOF) and the State Administration of Taxation (SAT) has announced VAT and business tax exemptions for small-sized businesses. The new measure has come into effect from August 1, 2013.
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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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• 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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• India Liberalizes Foreign Direct Investment in Various Sectors; Encourages Foreign Investors to Invest in India
  The government of India is liberalizing Foreign Direct Investment (FDI) in various sectors for economic growth. As indicated by the government, the reforms in multi-brand retail trade, single brand retail trade, civil aviation and broadcasting sectors will encourage foreign investments and increase growth.
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• Japan Issues New Reporting Requirement for Stock-based Compensation Offered by Foreign Employers: Nair & Co
  apan tax authorities recently announced new reporting requirements for foreign stock-based compensation received by resident employees and directors of certain entities in Japan. Please visit Nair and co website to know more information.
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• Japan Proposes 2013 Tax Reforms
  The Japanese government has outlined proposed tax reforms; however, these can be altered during the legislative process.
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• Mexico Approves Tax Reform Package for 2014
  The Mexican Chamber of Deputies recently approved a tax reform package enacting a new Income Tax law and changing various important provisions, outlined below.
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• Portugal Amends Income Tax Law
  Portuguese government recently approved the Corporate Income Tax (CIT) reform. The key elements of the reform offer simplification, increased competitiveness and decreased CIT. These new rules have come into force from 1 January 2014, reports Nair & Co.’s International Tax team.
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• The French Government Announces Tax Reforms for 2015
  France has announced plans to reform the tax system in 2015. Changes are likely to fuse personal income tax with the generalized social contribution (CSG).
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• Upcoming webinar: Making sense of US Health Care Reform for global employers
  Hanna Global Solutions, a niche US based Employee Benefits advisory and administration firm with solutions specifically directed to the multinational employer is conducting a webinar on US Health Care Reform and its impact on employers like you.
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