Nair & Co.

Belgium Advance Tax Payments: Decree Published, Affects Companies and Self-Employed

Belgium published a Decree on Advance Tax Payments by Self Employed persons and companies in March 2012 that defines when the advance tax payments are due and the tax surcharge rates incase insufficient payments are made.

French Companies to Pay Compulsory Dividend Bonus to Employees

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.

China Intensifies Effort to Implement Collective Wage Bargaining Practices by 2013, Multinationals Are the First Target

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.

China Opens Access to Centralized Database of Bribery Convictions

China’s major investigatory and prosecutorial division - Supreme People’s Procuratorate (SPP) along with other PRC anti-corruption organizations declared the availability of a centralized database of individuals and companies charged with bribery offenses to the public on February 16, 2012.

Biometric Residence Permits Required for More UK Immigration Applicants

The British Home Office has introduced Biometric Residence Permits for more immigration categories, effective February 29, 2012.

Nair & Co. Appoints Former Ambassador Sir Alan Collins As Its Non-Executive Chairman

Nair & Co., the leader in international business expansion services, has appointed Sir Alan Collins KCVO CMG as its non-executive Chairman, the company announced today.

Mexico - Electronic Reporting of Customs Information Mandatory from March 1

Recent modifications to Mexico’s foreign trade rules make it mandatory for export and import businesses to file information regarding customs transactions electronically.

Tax Filing Alerts: Hong Kong, Denmark, Ireland, Spain

The Inland Revenue Department said that it will issue the applicable version of “Employers return of remuneration and Pensions” (BIR 56A) on April 2, 2012.

Highlights of Singapore Budget 2012

Singapore announced a cash grant for small and medium enterprises along with a slew of other announcements including a new scheme for enhancing productivity and innovation during its budget statement on February 17, 2012.

New Tax Compliance Amendments in China

China has issued changes to the Companies’ and Branch Offices’ tax return forms effective Jan 1, 2012. The Corporate Income Tax (CIT) return forms that have been revised are: