Feb 11, 2013
In a recent case, the Federal Institute for Access to Information and Data Protection (IFAI) of Mexico has imposed a penalty on Pharma Plus, S.A. de C.V.
Jan 15, 2013
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.
Dec 26, 2012
Hong Kong, along the lines of developed economies like Singapore and UK plans to implement a standard work week of 40-48 hours and an overtime pay of 50% of pay over and above normal pay.
Dec 06, 2012
Taxpayers paying service tax of more than INR 25 lakh will now be required to file returns on a monthly basis, instead of twice in a year.
Nov 28, 2012
The Swedish government has planned to slash the corporate income rate to 22% from the existing 26.3%.
Nov 16, 2012
Vietnam has proposed to raise minimum monthly wage by about 33% leading to higher operational costs for companies doing business in Vietnam.
Nov 15, 2012
- In a string of recent decisions, the French Supreme Court has asserted that a parent company can be regarded as the co-employer of its subsidiary’s employees and shares any liabilities that may arise from a restructuring process.
Nov 08, 2012
Companies doing business in Argentina, which has recently adopted the International Financial Reporting Standard (IFRS), must now comply with the new requirements for information reporting and tax base calculation.
Nov 08, 2012
Singapore has tightened the sponsorship criteria for dependants of foreign workers. The new legislation, effective from September 1, 2012, aims to restrict the rapid influx of dependants into Singapore and affects P1, P2, S pass.
Oct 18, 2012
The Indian Ministry of Environment & Forest (MoEF) has introduced e-waste management rules for the safe disposal and handling of e-waste (Waste electric and electronic equipments) in order to reduce and recycle e-waste in the country.