• Spain Introduces New Tax and Administrative Measures to Reduce Public Deficit
  In order to reduce public deficit this year, the Spanish government has introduced provisional measures to the Corporate Income Tax. Read the complete Press release to know more about the introduced provisional measures.
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• Sweden clarifies Permanent Establishment (PE) provisions in an Advance Ruling
  In a recent advance ruling, the Swedish Council for Advance Rulings has clarified rules regarding permanent establishment (PE) status for a foreign company.
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• Sweden clarifies Permanent Establishment (PE) provisions in an Advance Ruling
  In a recent advance ruling, the Swedish Council for Advance Rulings has clarified rules regarding permanent establishment (PE) status for a foreign company.
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• Switzerland Proposes to Restructure Corporate Tax System to Strengthen Tax Competitiveness and Attract International Businesses
  The Swiss Federal Government has published an interim steering committee report, in May 2013, outlining plans to restructure its corporate tax system with the intent of strengthening the country’s international competitiveness and making Switzerland more attractive to companies in search of international locations.
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• Taiwan Relaxes Hiring Rules for Blue-Collar Foreigners
  To ease Taiwan’s labor-shortage problem, blue collar workers in the manufacturing enterprises will now be allowed to hire more foreign workers in the country after paying an extra employment security fee.
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• Tally of breach incidents grows by a whopping 67 percent a year after HIPAA Omnibus Rule!
  The largest breach added to the wall of shame since the enforcement of HIPAA Omnibus rule is the hacker attack at Community Health Systems resulting in 4.5 million affected individuals
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• Taxation and company updates in India, China, Netherlands and Switzerland
  Nair & Co., the leader in international business expansion and support, publishes HR, regulatory, taxation and company updates for the current week.
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• UK Budget 2012 Announces Income Tax Cuts and Raises Capital Allowances for Businesses
  UK’s annual budget revealed a string of tax measures including a reduction in business tax to 24% with further 1% cuts announced until 2014, while the top personal income tax rate will be reduced to 45% from 50% in 2013.
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• UK Eases Facilitation of Trade, Travel and Investment by Chinese
  The U.K. government has announced to take additional steps to encourage trade, travel and investment between the U.K. and the People’s Republic of China (PRC), reports Nair & Co.’s International Expansion Team.
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• UK Relaxes Reporting Rules for Small Companies under RTI; Allows Extended Time to File Returns
  The UK government has relaxed tax return filing rules under Real Time Information (RTI) which will allow an extended time for small companies to file payroll related returns.
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• UK’s New Immigration Rules to Take Effect from June 14, 2012
  UK has introduced changes to its immigration rules which would affect foreign nationals residing or entering the UK on employer-sponsored visas as well as the employers. The changes are based on the observations of the Migration Advisory Committee (MAC) and will be effective from June 14, 2012.
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• VAT Updates: China, Czech Republic, Romania, Portugal
  China’s pilot scheme for VAT which is intended to replace the current business tax in Shanghai is likely to be extended to Beijing in July, Czech Republic confirms the treatment of local reverse charge where both the supplier and the customer are VAT payers.Portuguese government raises VAT and Excise Duty in the autonomous region of Madeira effective from April 1, 2012.
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• Vietnam introduces various immigration changes
  The Vietnamese Ministry of Labor, Invalid and Social Affairs (MOLISA) has announced new immigration rules which will affect the work permit application requirements and process, reports Nair & Co.’s Global HR Team.
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• Vodafone Serves Notice of Dispute against Indian Tax Law
  Vodafone has served a Notice of Dispute against controversial proposals included in the Indian Finance Bill 2012 which allows the government to change tax laws retroactively as well as the power to reverse Supreme Court rulings and judgements.
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• Wake-Up Call for Entities Participating in Joint Compliance Arrangements
  Neglecting and not complying with HIPAA rules are certain to attract enormous penalties. Proof of this is the latest hefty HIPAA penalty from the Federal Regulators.
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• Webinar on HIPAA Omnibus Demystified
  Please join us for an eGestalt educational webinar on HIPAA Omnibus Demystified – Implications for healthcare providers and business associates presented by Anupam Sahai on May 22, 2013 & May 29, 2013.
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