• Amendment in capital gain scheme 2012
  Income tax department made the first amendment in capital gain account scheme 2012. In this amendment income tax department amended
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• Global HR Solutions – Imperative to Keep Abreast with all Employee Benefits
  Almost sixty-five percent of all companies today, trade globally. And 85% of employees traveling or living overseas, deem that it is the employer’s responsibility to provide coverage and access to quality health care while away from home.
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• Immigration Update: South Australia plans to Open Market for Overseas Skilled Workers
  The South Australia State Government has announced changes that will streamline its migration scheme as an effort to simplify the process for recruiting skilled employees from abroad, reports Nair & Co., leading provider of Global HR services for companies expanding overseas.
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• India Publishes Tax Amnesty Application Procedure for Service Tax Defaulters
  Further to the announcement of the Service Tax Voluntary Compliance Encouragement Scheme, 2013 (referred to as ‘Service Tax Amnesty Scheme’), the Indian Government has recently published a detailed application process for making an application under the scheme.
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• IRS watchdog warns of ‘largest scam of its kind’ with agency impersonators
  The Internal Revenue Service watchdog on Thursday warned taxpayers of a sophisticated nationwide phone scheme that has become “the largest scam of its kind that we have ever seen.”
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• Portugal Sets New Data Reporting Obligations For Entities with Foreign Investment
  Based on Internal Instruction nr. 27/2012, the Bank of Portugal (BdP) has set new statistical data reporting obligations, for resident individuals and companies, who make their entry into economic and financial activities in foreign countries.
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• Singapore Budget 2013: Various Tax Rebates, Wage Credit Scheme Announced, ERIS Abolished
  Singapore in its 2013 budget announced a 30% corporate tax rebate, a wage credit Scheme, and an innovation credit among other measures to encourage enterprise growth and help employers with rising labour costs, Nair & Co., the leader in international business expansion services, said.
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• Spain Introduces New VAT Cash Accounting Scheme and Changes to certain VAT Deadlines
  Spain has introduced a new Special VAT Cash Accounting Scheme. The new scheme is designed to support entrepreneurs. The changes introduced by the recent amendment will be effective 1 January 2014, reports Nair & Co.’s International Tax team.
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