Brazil Offers Tax Installment Scheme, Tax Reforms and Incentives in Belgium, Hong Kong and South Africa: Updates from the International Tax Services Team at Nair & Co.

SUNNYVALE, Calif.--(BUSINESS WIRE)--Nair & Co., the leader in international expansion services has released tax and global regulatory compliance updates for companies setting up international offices in Belgium, Brazil, Colombia, Hong Kong and South Africa.

Belgium Offers New Tax Incentives for Business Entities and Entrepreneurs

Belgium recently announced new tax incentives for individuals and companies that include reduced tax on pensions and profit deductions for small employers. The new tax regulation is for the tax year 2013 (assessment year 2014).
Read More at http://www.nair-co.com/BelgiumAdoptsNewTaxRegulation-15-03-2013.aspx or get in touch with our International tax advisory team to learn more about global regulatory compliance issues in 50+ countries.

Brazilian Companies Can Apply for Sao Paulo’s ICMS Installment Program

Companies doing business in Brazil can now opt for Sao Paulo’s Special Installment Program for ICMS tax debts that was announced in December last year. The state government began accepting applications on March 1, 2013 and will close the window on May 31 2013.
Read More at http://www.nair-co.com/BrazilSpecialInstallmentProgram-15-03-2013.aspx

Colombia Introduces Major Tax Reforms

The Colombian Government has recently introduced various measures which include new individual income tax, corporate tax, VAT and consumption tax provisions, and has redefined the permanent establishment rules for corporate.
Read More at http://www.nair-co.com/ColombiaIntroducesMajorTaxReform-07-03-2013.aspx

Hong Kong Proposes Reduction in Profit Tax, Business Registration Fee Waiver

Hong Kong has proposed 75% reduction in Profits tax, waiver of business registration fee and reduction in salaries tax in its recently released annual budget. The measures are expected to help further increase Hong Kong’s attractiveness as a business destination for companies setting up international operations.
Read More at http://www.nair-co.com/HongKongBudget-2013-15-03-2013.aspx or get details on foreign business incorporation in over 50 countries from the international expansion experts at Nair & Co. Contact us at [e-mail]

South Africa Proposes to Ease Tax Burden and Cross-Border Financial Regulations

The South African government said it plans to ease cross-border financial rules and taxation requirements for companies in the recently announced national budget for 2013-2014. The tax provisions for pension, provident and retirement annuity funds are also expected to be synchronized and simplified.
Read More at http://www.nair-co.com/SouthAfricaProposestoEaseTaxBurden-18-03-2013.aspx

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About Nair & Co.

Nair & Co. provides you with your one touch outsourced finance, HR, legal and global tax 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 or contact us at http://www.nair-co.com/global-offices.aspx

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