ReleaseWire Connect

The European Union and India have advanced negotiations on the free-trade agreement which is expected to be finalized by the end of 2012.

The UK Supreme Court has ruled that employees of UK companies who worked outside the UK could raise a claim of ‘unfair dismissal’ in a UK employment tribunal, signifying far reaching implications for companies that employ UK expats.

Canada has announced a federal tax credit for families which came into effect on January 1, 2012.

Croatia’s parliament passed the amendments related to the Corporate Income Tax Law which is expected to come into effect from March 1, 2012.

The Bulgarian Ministry of Finance announced new amendments to the application of VAT laws which includes compulsory deregistration of certain foreign entities for VAT.

Argentina has implemented a new trade regulation which makes it mandatory for companies to declare the amount of goods being imported into the country by signing an official document beforehand.

Nair & Co., the leader in international business expansion services, announced a record 40% growth in 2011 resulting from substantially greater demand for its outsourced accounting, payroll, compliance, legal and other consulting services.

The Brazilian Government recently announced new amendments to taxes on financial transaction regulations, which includes reduction of tax on foreign exchange transactions (Impostosobre Operacoes Financeiras – IOF) related to the inflow of resources within Brazil from 2% to zero.

The German finance ministry has delayed the launch of its new electronic income tax tracking system owing to technical problems.

With effect from January 1, 2012, certain businesses in Ireland will enjoy a reduction in the frequency with which they file their tax returns and pay taxes.