SUNNYVALE, Calif.--(BUSINESS WIRE)--Nair & Co., the leader in international expansion services has released HR, Regulatory and Taxation updates for companies doing business in Belgium, Brazil, India, Netherlands, Russia and Singapore.
Belgium introduces Fairness Tax
The Belgian government, in order to control the fiscal budget, has introduced a "fairness tax" on companies. Companies would be liable to pay the fairness tax in case they pay dividends and do not pay corporate taxes (in cases, there is compensation for losses and or notional interest deductions).
Brazil Enacts Rigorous Anti Corruption Law
Brazil has finally passed the long proposed Anti Corruption Law which will ensure that Brazilian and foreign companies with offices, branches or agents in the country are strictly liable for acts of corruption against public authorities (either domestically or abroad). The Brazilian President signed the proposed bill into law during the first week of August.
India Issues Draft Safe Harbour Rules on Transfer Pricing
On 14th August, the Indian Government has issued draft provisions on safe harbour regulations, inviting comments from the public. The same will be accepted until August 26, 2013. The draft safe harbour regulations are likely to be applicable for Assessment Years 2013-14 (Fiscal year April 1, 2012 to March 31, 2013) and 2014-15 (Fiscal year April 1, 2013 to March 31, 2014).
Singapore is a preferred global investment destination for multinationals. The Singapore Investment Guide provides a comprehensive summary of the direct and indirect taxes, key economic indicators, legal and accounting requirements which are critical for businesses operating or expanding into Singapore.
Check the Free Guide at: http://www.nair-co.com/SingaporeInvestmentGuide.aspx
Russia Clarifies Tax Treatment Rules for Expatriates who Qualify as Highly Skilled Specialists
The Russian Ministry of Finance has clarified that non-residents, including foreign directors of a Russian company, qualify as ‘highly skilled specialists’ under Russian Law and will be subject to the lower tax rate of 13%.
Businesses in Netherlands can now benefit from Accelerated Depreciation
Netherlands has recently introduced accelerated depreciation related provisions which are in effect from July 1, 2013. This is a temporary measure and allows companies operating in the country to claim accelerated depreciation of up to 50% on their investments, if certain conditions are fulfilled.
Read more at http://www.nair-co.com/NetherlandsAcceleratedDepreciation-22-08-2013.aspx or get in touch with our international expansion services team at firstname.lastname@example.org to learn more about our services in 50+ countries.
International Business Guide
Nair & Co. launches “International Business Guide” online platform featuring information on Employment Laws, Legal Entities, Payroll, Accounts, Corporate and Indirect Taxes from more than 30 key jurisdictions worldwide. The IBG caters to a need for timely and accurate business information, for companies wishing to optimize their multinational operations.
Please Visit at https://ibg.nair-co.com
About Nair & Co.
Nair & Co. provides you with your one touch outsourced finance, HR, legal and global tax compliance department for your international operations. If you are expanding abroad for the first time or increasing your global footprint, our turnkey solutions help you do so with minimal risk, stress and cost. We support 1000+ client operations in over 56 countries and have core offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP). Learn more at www.nair-co.com or contact us at http://www.nair-co.com/global-offices.aspx