India Introduces E-waste Management Rules for Manufacturers and Consumers of Electronics
The Indian Ministry of Environment & Forest (MoEF) has introduced e-waste management rules for the safe disposal and handling of e-waste (Waste electric and electronic equipments) in order to reduce and recycle e-waste in the country.
Spain Introduces New Tax and Administrative Measures to Reduce Public Deficit
In order to reduce public deficit this year, the Spanish government has introduced provisional measures to the Corporate Income Tax. Read the complete Press release to know more about the introduced provisional measures.
Vodafone Serves Notice of Dispute Against Indian Tax Law
India’s plans to introduce amendments to its tax laws that include powers to retroactively overturn recent court rulings has sparked off a new contention between the government and Vodafone with the telecommunication company challenging the new retrospective tax legislation.
Brazil Introduces New Amendments to Financial Transaction Tax (IOF)
The Brazilian Government has introduced new amendments to the regulations on financial transactions tax (IOF) imposed on foreign exchange transaction with effect from March 1, 2012.
Brazil Introduces Fixed Profit Margins to Simplify Transfer Pricing Method
The Brazilian government introduced changes to transfer pricing rules which includes a range of fixed profit margins for various industry sectors
Australia: Court Case Emphasizes Importance of Following Correct Employee Termination Processes
A federal court ruling involving employee termination in Australia demonstrated that following the right procedures and maintaining proper records related to long-term employee issues including workplace rights and absence from work, can protect the employer when facing an adverse action claim.
UK's New Immigration Rules to Take Effect from June 14, 2012
UK has introduced changes to its immigration rules which would affect foreign nationals residing or entering the UK on employer-sponsored visas as well as the employers.
Australia: Changes to Work Health and Safety Law Includes Severe Personal Liabilities for Directors & Officers
The Australian Occupational Health & Safety (OHS) law recently underwent a series of changes, violations of which could result in fines of up to $600,000 and/or imprisonment of up to five years for corporate as well as individual executives.
Canada Releases Details of New Tax Measures
The Canadian Finance Minister announced details of the new tax measures which include an expanded list of medical devices and prescription drugs that are free from Goods and Services Tax/ Harmonized Sales Tax.
Hong Kong Releases Advance Pricing Guidelines; China Explores Advance Tax Ruling System
Hong Kong’s Inland Revenue has released its long-awaited Advance Pricing Agreement guidelines, which will initially focus on negotiating bilateral and multilateral APAs specifically with jurisdictions with which Hong Kong has a Double Tax Agreement.