China Toughens Data Privacy Laws, Australia Directors Face More Liability, Transfer Pricing Updates in Canada: Nair & Co.

SUNNYVALE, Calif.--(BUSINESS WIRE)--Nair & Co., the leader in international business expansion services has released tax, data privacy, transfer pricing and compliance updates for companies doing business in Australia, Canada and China.

China Strengthens Data Privacy Laws

These regulations contain significant and comprehensive requirements relevant to the collection and processing of electronic personal information. No entity, business, organization or individual can embezzle, obtain, sell, or otherwise provide electronic personal information by unlawful means to another person.
Read More at http://www.nair-co.com/ChinaStrengthensDataPrivacyLaws-15-02-2013.aspx

Australian Directors Made Personally Liable for Unpaid Superannuation

The new director penalty regime makes directors personally liable if companies fail to make certain compulsory payments or superannuation payments like tax withholding from employees’ wages.
Read More at http://www.nair-co.com/AustralianDirectorsLiableforUnpaidSuperannuation-08-02-2013.aspx

Canadian Supreme Court Sets up Key Principles in Transfer Pricing

Business entities must authenticate the validity of the comparables mentioned in their transfer pricing study, and ensure that their contracts rightly specify, in detail, all the associated party transfers of services, goods and intellectual property.
Read More at http://www.nair-co.com/CandaTransferPricing-27-02-2013.aspx

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For more information about doing business overseas or specific International Tax, HR, Compliance or Legal issues please contact us at http://www.nair-co.com/global-offices.aspx

About Nair & Co.

Nair & Co. provides you with your one touch outsourced finance, HR, legal and compliance department for your international operations. If you are expanding abroad for the first time or increasing your global footprint, our turnkey solutions help you do so with minimal risk, stress and cost. We support 4000+ client operations in over 56 countries and have core offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP). Learn more at www.nair-co.com.