• Indonesia Introduces 1% Tax on Gross Revenue for Small & Medium Enterprises
  Nair & Co. which provides international tax consulting for companies expanding overseas finds out that the Indonesian government regulation No 46 Year 2013, excluding permanent establishments, was issued on June 12, 2013.
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• Industry Cheers Vodafone Win against a $2.2 billion tax bill
  India's Supreme Court on Friday ruled in favor of Vodafone Group’s appeal against a $2.2 billion tax bill on its purchase of a 67% stake in India's Hutchison Essar Ltd.
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• Industry’s Leading Application Retirement Solution
  Solix Technologies’ comprehensive Data Management Platform used in conjunction with Sybase IQ will help customers enforce data governance across active and legacy applications in a consistent fashion to drive application portfolio management with reduced costs, data security, and compliance.
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• Inhouse E-Discovery Platform helps Time Warner accelerate ECA
  Clearwell Systems, Inc., a leader in intelligent e–discovery, today announced that Time Warner, a global leader in media and entertainment, has commenced deployment of the Clearwell E-Discovery Platform for its in-house e-discovery strategy. E-discovery refers to the process in which electronic data is discovered in civil litigation.
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• Innovative Establishes Services and Development Center in Asia Pacific Region
  Innovative announced today that it is establishing a services, support and development center in Noida, India to provide closer support to existing customers in Asia, Australia and New Zealand and position the company for continued growth in the region.
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• Integrated ALM & ITSM with Omnibus Integration
  In this newsletter, you will read about our new Agile solution with enhancements in our ALM Studio offering, a much improved Microsoft Word add-in for better management of Requirements, and several additions in our product literature and website content.
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• Ireland to Reduce Frequency of Tax Returns & Payments for Certain Businesses
  Ireland to Reduce Frequency of Tax Returns & Payments for Certain Businesses
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• Ireland: Taxpayers to Submit Financial Statements in Inline eXtensible Business Reporting Language Format
  The revenue department of Ireland declared that it will provide taxpayers the option of submitting financial statements in Inline eXtensible Business Reporting Language (iXBRL) format through the upgraded Revenue's On Line System (ROS), to make the inspection process efficient.
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• Israel hikes VAT to Record High 18%: Update from International Tax Compliance Services Team
  The Israeli Government has raised value-added tax rate (VAT) to 18% from 17%. In the light of the growing budget deficits, the Israeli Tax Authority expects to generate more revenue from the increase in tax and close the widening gap, says Nair & Co.’s International Tax Consulting Team.
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• Israeli Government Approves Budget 2013-2014
  The Israeli government has approved the Budget for the fiscal year 2013-2014, announcing significant changes to both individual and corporate tax regulations. The provisions related to tax rates will take effect as of January 1, 2014.Read the press release to learn more about the key highlights of the proposal.
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• IT hosting services company gets CERT-In empanelled as an IT Security Auditing Organization
  India's largest pure-play managed IT hosting services company, Netmagic Solutions, announced that it is now empanelled as an IT Security Auditing Organization with CERT-In (Indian Computer Emergency Response Team).The empanelment also empowers Netmagic to carry out IT security audits, including vulnerability assessment and penetration testing of the networked IT infrastructure of various Government organizations.
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• IT Release Management – A Matter of Single Click
  Release Management process is used to oversee development, testing, deployment and support of software releases. Release Management combines detailed technical knowledge of the software development life cycle (SDLC) and IT Infrastructure Library (ITIL) implementation practices with traditional project management.
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• IT Release Management Process - Protect Production Environment
  The goals of Kovair's Release Management process are: planning deployment of software/hardware; designing and implementing procedures for distribution and installation of changes to IT systems; and protecting production environments from disruption.
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• Italy Permits VAT Payments on Cash Receipt Basis
  Italy introduces VAT Cash Accounting Scheme allowing VAT payment on cash (receipt) basis with effect from 1 December 2012. It is mandatory for the taxable person to indicate in invoices, if the cash accounting scheme has been applied.
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• Italy Presents New Measures for Financial Stability
  Italy has recently announced measures to ensure the financial stability of the economy.
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• Japan and UK Agree in Principle to Amend Current Tax Convention
  The governments of Japan, the UK and Northern Ireland have agreed in principle on a draft legislation to amend the current tax convention which took effect in 2006.
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• Japan Budget 2013 - Amendments to Transfer Pricing Regulations, Withholding Tax, SME Expenses and Taxation
  The Japanese cabinet has approved several reforms which include changes to corporate, individual and international taxation, in order to stimulate the economy says, Nair & Co., which provides international tax consulting for companies expanding overseas.
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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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• Joe Stanhope joins SDL
  SDL has today announced that industry expert and former Forrester Research analyst Joe Stanhope joins SDL as Chief Strategy Officer of its Campaign Management and Analytics division.
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• Key Points of India Budget 2013 – Increase in Amnesty for Service Tax Defaulters & Withholding Tax on Nonresident Royalt
  India has kept corporate tax rates largely unchanged and announced a series of measures to boost the country’s growth rates in its annual budget unveiled on Feb 28. Here are some key highlights compiled by Nair & Co., the leader in international expansion services, for foreign companies doing business in India.
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