- Chile Mandates E-invoicing System
The Chilean government has made it mandatory for all businesses to follow the e-invoicing system effective 31 January 2014. The new measure’s aim is to reduce manual paperwork, physical stamping of documents and save costs, time and storage, updates Nair & Co. which provides international tax consulting services for companies expanding overseas
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- Chile Releases Ceilings for 2014 Social Security Contributions
Chilean Taxation Office increased the limits related to social security contributions and employment tax withholding, reports Nair & Co.
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- Chilean Government Plans Tax Reforms for Small and Medium Enterprises
Chile plans to introduce a new tax regime ultimately benefiting Small and Medium Enterprises (SMEs)
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- Chilean Taxpayers Subject to Transfer Pricing Regulations Must Submit New Affidavit
Taxpayers carrying out transactions with related entities domiciled abroad must adhere to the new transfer pricing compliance requirements. Taxpayers are required to submit ‘Transfer Pricing Annual Information return form to the Chilean Internal Revenue Service (SII).
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- Chimney Sweep Repairs & Inspections
Blodgett’s Chimney Sweep & Cleaning has been providing first-rate service SINCE 1956. Our commitment to unsurpassed service and workmanship has earned us a well deserved reputation as the finest chimney cleaning service.
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- China Adopts Registration of Trademark for New Sectors
The Chinese government has adopted the Tenth Edition (Version 2013) of the International Classification of Goods and Services ("Nice Classification"), allowing seven new retail or wholesale services for registration under Class 35 (under sub-class 3509).
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- China Amends Company Law Provisions
China’s National People’s Congress approved recent modifications suggested under the company law of the People's Republic of China (PRC).
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- China Business Guide
China Business Guide - Nair & Co. helps organization set up and operate in China with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on China employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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- China Business Guide
China Business Guide - Nair & Co. helps organization set up and operate in China with legal entity set up support that includes managing the complete legal entity documentation and registration process. We advise companies on China employment laws, help manage payroll, corporate taxes, VAT/Indirect Tax and day-to-day accounting issues.
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- China Business Visa Update: Applicants must Submit Invitation Letter
Foreign workers trying to procure a business visa for China now have to submit an invitation letter issued by a local corporation or by the Chinese authorities along with other requisites.
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- China Clarifies Enterprise Income Tax incentive for Technology Transfers
The Chinese State Administration of Taxation (SAT) recently issued clarification on the definition of income from transfer of technology by resident companies, reports Nair & Co.’s International Tax Team.
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- China Clarifies Enterprise Income Tax Treatment of Equity Compensation Plans
Chinese tax authorities have clarified the Corporate Income Tax (CTI) treatment of equity incentive compensation plans (EICP) taking effect from 1 July, 2012. The recent clarification dealing with executive compensations is likely to improve the chances of business expansion in China and develop the country’s securities market.
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- China Cracks Down on Employee Secondment Arrangements
Proposed amendments to China’s Labor Contract Law will severely restrict secondment of employees, an arrangement where companies doing business in China contract employees via a labor agency.
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- China Defines Software Products Eligible for VAT Refunds; Plans To Introduce VAT in Shanghai
China's Ministry of Finance (MoF) and the State Administration of Taxation (SAT) issued a circular detailing Value Added Tax (VAT) incentives for software products and clarified certain implementation issues. Circular 100 which was released on October 13, 2011, will be effective from January 1, 2011 retrospectively.
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- China Eases Foreign Exchange Restrictions to Encourage FDI Inflow
China’s State Administration of Foreign Exchange (SAFE) simplifies foreign exchange rules relating to foreign direct investment to attract foreign investment into China.
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- China Eases Tax Exemption for E-commerce
The Chinese Finance Ministry (MOF) and the State Administration of Taxation (SAT) have recently published a joint circular announcing easier eligibility requirements for tax exemptions for e-commerce exporters.
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- China Enacts New Exit-Entry Administrative Law; Targets Illegal Entry, Stay and Employment of Expatriates
China has formally enacted a new Exit-Entry Administration Law on June 30, 2012. The new reform, taking effect on July 1, 2013, aims to restrict illegal foreign immigration and brings in an array of changes to the current law concerning foreigners' visa, residence and rights. Please visit Nair and co website to know more information.
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- China Exempts Small-sized Business from VAT and Business Tax
On July 29, 2013, the Chinese Finance Ministry (MOF) and the State Administration of Taxation (SAT) has announced VAT and business tax exemptions for small-sized businesses. The new measure has come into effect from August 1, 2013.
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- China extends import tax exemption & VAT refunds for foreign R&D centers
Chinese authorities have recently announced that the import tax exemption on purchases of certain R&D equipment and devices by foreign invested R&D centres would continue.
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- China Intensifies Effort to Implement Collective Wage Bargaining Practices by 2013
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.
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