Nair and Co

The canton of Lucerne, as part of tax law revisions announced in 2011, cut the corporate income tax rate from 3% to 1.5% with effect from January 1, 2012.

The Portuguese Tax and Custom Administration issued a circular listing the revised withholding tax rates on salaries and pensions for resident individuals in Portuguese Mainland, on 13 February 2012.

The European Union and India have advanced negotiations on the free-trade agreement which is expected to be finalized by the end of 2012.

China’s major investigatory and prosecutorial division - Supreme People’s Procuratorate (SPP) along with other PRC anti-corruption organizations................

The UK Supreme Court has ruled that employees of UK companies who worked outside the UK could raise a claim of ‘unfair dismissal’ in a UK employment tribunal, signifying far reaching implications for companies that employ UK expats.

The British Home Office has introduced Biometric Residence Permits for more immigration categories, effective February 29, 2012.

The Indian government has released a list of international non-proprietary names (INN) as recognized by the World health Organization, which cannot be registered as trade marks for pharmaceutical products

Nair & Co., the leader in international business expansionservices, has appointed Sir Alan Collins KCVO CMG as its non-executive Chairman, the company announced today.

Canada has announced a federal tax credit for families which came into effect on January 1, 2012.

Canada’s Department of Finance has proposed transitional rules to remove the 12% Harmonized Sales Tax (HST) in British Columbia (BC) and re-introduce Provincial Sales Tax (PST) and Goods and Services Tax (GST).