Nair and Co

The Peruvian Government plans to introduce a new Personal Data Protection Law to protect personal data in private and public databases within Peru.

A conservative budget plan for 2012 in Canada proposes to gradually phase out the Overseas Employment Tax Credit (OETC) from the 2013 tax year

From April 1, 2012, taxpayers in Argentina are required to report to the tax administration all cross-border services agreements, irrespective of whether the agreements are in writing or not.

In the case of Mastek Ltd., India’s Income Tax Appellate Tribunal (ITAT) upheld that Mastek’s (the taxpayer) UK subsidiary was not undertaking merely distributing activities and should be classified as a marketing service provider.

With the 2011 tax year drawing to a close, it is important that employers in the United Kingdom file returns and make tax payments on time to avoid hefty penalties.

Chinese authorities have released an updated guidance on the registration process for share plans with the State Administration of Foreign Exchange (SAFE), broadening the scope to cover most types of share plans.

The German Federal Council’s amendment of the German anti-treaty-shopping (ATS) rule no longer requires a non-German resident company to generate more than 10% of its gross revenues through its own business activities.

Businesses whose accounting year starts on or after April 1, 2012 are required to file VAT returns online including VAT due to HM Revenue & Customs (HMRC).

France has passed legislation enforcing French companies to disburse a bonus to their employees when dividend paid to shareholders exceeds the average of last two fiscal years and when such companies’ employee count is 50 or more.

The Chinese Government and the All-China Federal Trade Unions (ACFTU)are escalating efforts to promote collective wage bargaining amongst corporations, especially multinationals operating in the country.