Nair-co.com - Nair And Co Company News Section

Nair And Co Information
  • Nandita Verma
  • Nair & Co., 1250 Oakmead Parkway,, Suite 210, Sunnyvale, CA
  • Phone: 408-515-9048
  • URL: http://www.nair-co.com
  • Nair & Co. provides an integrated solution in the HR, finance, tax, compliance and legal arenas making a company%u2019s overseas operations less risky, stress free and more strategic. It currently has 740 client operations in over 50 countries with offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing service providers in the world by the International Association of Outsourcing Professionals (IAOP).
Nair And Co Press Release -

Nair-co.com

  • Australian Directors Become Personally Liable for Unpaid Superannuation
  • The Australian government has extended provisions regarding penalties for directors. The new director penalty regime makes directors personally liable in case their company fails to make certain compulsory payments or superannuation payments like tax withholding from employees' wages.
  • February 12, 2013
  • Budgetary Updates: Norway, Sweden and Netherlands
  • Know more about Norway's Plans concerning the changes in specific tax provisions, Sweden's Plans to introduce investment friendly measures, and the major changes in Netherland's tax plan for 2013 with Nair & Co., your ideal partner during international expansions.
  • January 18, 2013
  • Singapore Amends Foreign Manpower Act; Expatriates Affected
  • In recently implemented amendments to Foreign Manpower Act (EFMA), Singapore has increased law enforcement capabilities of its Ministry of Manpower (MOM) and also redesigned the Personalized Employment Pass (PEP) scheme available to highly skilled foreign workers.
  • December 31, 2012
  • Hong Kong Plans Standard Work Week and Overtime Pay
  • Hong Kong, along the lines of developed economies like Singapore and UK plans to implement a standard work week of 40-48 hours and an overtime pay of 50% of pay over and above normal pay. The proposed legislation has drawn flak as it is estimated to cost employers from US$1 billion to US$7 billion and affect a total of 2.8 million workers approximately.
  • December 27, 2012
  • Denmark Proposed Changes in Indirect Taxes; Promotes Hydrogen or Electric Vehicles
  • The tax authorities of Denmark have proposed reforms to indirect taxes which are likely to take effect in 2013. The draft law which is subject to the Parliament's approval will also avoid erosion of tax base by providing for indexation of tonnage tax based on inflation and wages. Proposed Indirect Tax Revisions: Increase in Taxes • Vehicle road tax and fuel tax; • Tax on Piped
  • October 05, 2012
  • Hong Kong Allows Deduction on Specified Intellectual Property Rights
  • Hong Kong's Inland Revenue Department (IRD) has clarified that capital expenditure incurred by companies doing business in Hong Kong on the purchase of patents and know-how can also be deemed to include capital expenditure on the purchase of copyrights, registered designs and registered trademarks.
  • August 30, 2012
  • Bulgaria Amends VAT Application Rules
  • The Bulgarian Ministry of Finance announced new amendments to the application of VAT laws which includes compulsory deregistration of certain foreign entities for VAT.
  • February 28, 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.
  • February 23, 2012
  • Argentina Imposes New Import Regulations
  • 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.
  • February 09, 2012
  • Nair & Co. Announces 40% Growth in 2011
  • 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.
  • January 24, 2012
  • Income Tax Hike for Dormant Companies in Italy
  • Dormant companies in Italy will be paying a higher corporate tax rate in 2012 as per the new Italian tax law. Companies that can be considered 'dormant' will have to pay 38% corporate income tax (IRES) tax rate next year compared to the current rate of 27.5%.
  • November 30, 2011
  • UK VAT- Intrastat Declarations to Be Submitted Online
  • HM Revenue & Customs (HMRC) intend to make electronic submission of Intrastat declarations mandatory. HMRC plans to amend the UK Intrastat legislation to withdraw the option to submit Intrastat declaration by paper. This measure is likely to take effect on April 1, 2012.
  • November 21, 2011
  • Nair & Co. Names Manoj George as New CEO
  • Nair & Co., the leader in international business expansion services, today announced Manoj George as the company's new CEO. George takes over the role from co-founder Dr. Shan Nair who will continue to be actively involved in the company at the strategic level and will also continue to be a member of the board.
  • November 03, 2011
  • Nair & Co. Partners with MIT Sloan for CFO Summit
  • Nair & Co., a leading global integrated solutions provider helping companies expand overseas, announced its participation as a diamond sponsor at the 9th Annual MIT Sloan CFO Summit, the nation's premier CFO event bringing together financial leaders from around the world and leading faculty from MIT.
  • October 21, 2011
  • Expat Tax Regime in Netherlands To Be Modified
  • The Dutch State Secretary for Finance, recently announced that changes would be made to the '30% ruling regime' for expatriate employees in the Netherlands, which is expected to come into effect in 2012.
  • October 18, 2011
  • Italy Hikes VAT Rate to 21%; Levies Withholding Tax
  • The Italian Ministry of Economy has announced that it has approved the legislation of Law Decree no. 138 of August 13/2011 and Law Decree no. 148 of September 14/2011 which includes an increase in the rate of Value Added Tax (VAT) to 21% from the existing rate of 20%.
  • September 24, 2011
  • India Company Law: New scheme pardons submission delays
  • The Indian Ministry of Corporate Affairs has introduced a scheme which allows defaulting companies a chance to rectify non-compliances related to timely submission of documents (specifically balance sheets and annual returns) with the Registrar of Companies (ROC).
  • September 19, 2011
  • China Introduces Guidelines for Data Privacy Protection
  • China recently issued a draft detailing Information Security Technology Guidelines for Personal Information Protection, the latest in a series of efforts to address rising data privacy concerns amongst locals and corporations in the country.
  • July 07, 2011
  • Nair & Co. Transitions to SSAE 16 Compliance
  • Nair & Co., a global integrated solutions provider helping companies with international expansion plans, today announced that it is compliant with the Statement on Standards for Attestation Engagements (SSAE) No. 16.
  • June 11, 2011
  • Germany tweaks anti-money laundering & tax laws
  • The German Finance Ministry released new rules which further strengthen the existing anti-money laundering law on voluntary disclosure. The Federal Council also approved the draft bill on combat of tax evasion.
  • May 31, 2011