• Belgium Offers New Tax Incentives for Business Entities and Entrepreneurs: Updates from International Tax Consulting Team
  Belgium recently announced new tax incentives for individuals and companies that include reduced tax on pensions and profit deductions for small employers, said Nair & Co., which provides international tax consulting for companies expanding overseas. The new tax regulation is for the tax year 2013 (assessment year 2014).
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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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• Health Law, CBO and EBSA update
  Under a health reform law provision that goes into effect Sept. 1, states and the federal government will scrutinize health insurance company's proposals for rate increases on individual and small-employer plans
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• Highlights on Indian Union Budget Analysis 13-14
  Keep abreast with the latest budget news with Sify Finance. Know how much you are likely to gain with the income tax exemption limit being raised to Rs.2 Lakh. Get the most recent Indian Budget Highlights, & Budget Analysis 13-14 right here.
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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 notifies General Anti Avoidance (GAAR) Rules
  In order to reduce tax avoidance, the Indian government has issued General Anti Avoidance Rules (GAAR) which will be effective from April 1, 2016, says Nair & Co.’s International Tax Services Team.
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• India Transfer Pricing Update for Distributors, Tribunal Upholds Important Transfer Pricing Principles on Characterization of S
  The Taxpayer characterized Mastek UK as a distributor and for the purposes of Indian transfer pricing, benchmarked the return on sales earned by Mastek UK against returns earned by comparable distributors. Indian tax authorities contested the Taxpayer’s claim.
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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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• Protocol Amending the Double Taxation Agreement between UK and China
  In an expected move, the Protocol to the Double Taxation Agreement between the UK and China recently entered into force on 13 December 2013, reports Nair & Co.’s International Tax Team.
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• Research Proves – Google’s Farmer Update Good For B2B Websites
  Google’s recent algorithm change more popularly known as the Farmer/Panda update is all set to impact nearly 12% of Google’s search queries. The Google alogorithm change has given rise to a lot of speculation, as marketers worry about how it will affect their marketing efforts and their business at large. LeadFormix, a provider of next-generation marketing automation solutions conducted a research to find out the impact of this change on the search results and traffic to the websites of their B2B in the US.
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• Solid Edge Version Update | PROLIM
  This course will cover fundamental skills and concepts central to the use of Solid Edge & proper utilization of the new features of Solid Edge.
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• United Kingdom Likely to Increase Intrastat Arrivals Threshold
  The United Kingdom’s tax authority, Her Majesty's Revenue and Customs (HMRC), via a draft legislation, has proposed to increase the intrastat arrivals threshold from £600,000 to £1,200,000. The new Intrastat arrivals threshold is expected to take effect from January 1, 2014.
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