Nair & Co.

(Bristol, UK) - The Bahrain government has given a go ahead to reduce fees levied on foreign workers in an attempt to increase business activities of small and medium enterprises (SMEs), reports the Nair & Co. International Tax Team.

The Australian government has made strides towards imposing restrictions on certain employment-related tax benefits, reports Nair & Co.’s International Tax Team.

The Italian government has recently increased the standard Value Added Tax (VAT) rate on goods and services to 22% with effect from 1 October 2013

The Petaling Jaya Magistrate Court of Malaysia recently convicted the director of Srimas Klasik Sdn Bhd on two charges for failing to file the companies’ Annual Return to the Registrar of Companies, the Suruhanjaya Syarikat Malaysia (SSM).

The Spanish government has recently enacted what is commonly known as the “Entrepreneurs Law.”

The Chinese government recently issued draft regulations relating to provisions of Labour Dispatch. Public comments were sought till the first week of September, says Nair & Co.’s International HR Services Team.

The Finance Ministry is considering the proposal put forth before it by the Labor Ministry to raise the statutory wage ceiling for PF contributions to INR 15,000 per month.

On September 16, 2013, the Official Gazette in Argentina published a decree to promote the software industry by allowing tax incentives to individuals and legal entities whose core activities are in the software sector

The South Australia State Government has announced changes that will streamline its migration scheme as an effort to simplify the process for recruiting skilled employees from abroad, reports Nair & Co.,

Brazil recently published changes to certain tax provisions which require reporting information to the Integrated System for the Foreign Trade of Services, Intangibles and Other Transactions (SISCOSERV system).