Nair & Co.

Luxembourg has implemented various measures with the aim of increasing revenue through taxation. Most of the provisions come into effect from January 1, 2013.

Malta’s national budget for 2013 aims to continue the country’s financial consolidation plan, build up the social security net and promote investments.

The Czech Republic government has opted for austerity measures and amendments to individual income tax, withholding tax, excise tax and VAT provisions.

The Brazilian government has amended its Transfer Pricing Regulations (TPR), which may affect companies doing business in the country. New Normative Instruction (NI) 1,312 regulating new transfer pricing provisions were issued.

Know more about Norway’s Plans concerning the changes in specific tax provisions, Sweden’s Plans to introduce investment friendly measures, and the major changes in Netherland’s tax plan for 2013 with Nair & Co.,

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.

Australia is working towards strengthening its privacy laws for both public sector and private companies based in the country. The Privacy Amendment (Enhancing Privacy Protection)

Brazil makes further amendment to the provisions governing tax on financial operations (Imposto sobre Operações Financeiras – IOF)

China’s State Administration of Foreign Exchange (SAFE) simplifies foreign exchange rules relating to foreign direct investment to attract foreign investment into China.

In recently implemented amendments to Foreign Manpower Act (EFMA), Singapore has increased law enforcement capabilities of its Ministry of Manpower (MOM)