Nair & Co.

In a recent advance ruling, the Swedish Council for Advance Rulings has clarified rules regarding permanent establishment (PE) status for a foreign company.

The Mexican Chamber of Deputies recently approved a tax reform package enacting a new Income Tax law and changing various important provisions, outlined below.

The Dutch government has presented an amended budget to the parliament altering important provisions regarding tax rates, tax credits and payroll taxes.

The Czech Senate recently approved a special law measure to amend the Income Tax Law. For this amendment to be enacted, it needs to be rectifies by a new Chamber of Deputies.

Spain has introduced a new Special VAT Cash Accounting Scheme. The new scheme is designed to support entrepreneurs. The changes introduced by the recent amendment will be effective 1 January 2014, reports Nair & Co.’s International Tax team.

The U.K. government has announced to take additional steps to encourage trade, travel and investment between the U.K. and the People’s Republic of China (PRC), reports Nair & Co.’s International Expansion Team.

Argentina has recently announced an extension to the application window for applying under the tax amnesty regime by three calendar months effective 1 October 2013.

India’s Foreign Regional Registration Office (FRRO) in Hyderabad has been performing audits to check if companies have searched for local labour prior to hiring a foreign national.

The Belgian government has announced a nearly two percent increase in the minimum salary requirements for highly skilled foreign workers applying for Type “B” work permits.

Brazil recently issued guidelines for estimating the amount companies doing business in the country may deduct for interest payments on net equity, reports Nair & Co.’s International Tax Team.