Weekly International Highlights From Nair & Co.

Australia Increases Required Employer Retirement Contribution Rate Australia Issues Draft Taxation Rules on PE China Amends Company Law India's New Sexual Harassment Law Sweden Introduces Reduced Social Security Contributions

Nair & Co., the leader in international business expansion and support publishes HR, regulatory, taxation and company updates for the current week.

Australia Increases Super (Superannuation Guarantee), the Required Employer Retirement Contribution Rate

The Australian government has announced significant changes to the Super regime. Super contributions will eventually increase to 12% by 2020. Super refers to the funds arranged by employers to secure employees' retirement and Superannuation Guarantee is the official term for obligatory contributions made by employers.
Read More: http://www.nair-co.com/NairCo-PR-AustraliaIncreasesSuperannuationGuarantee-20140120.aspx

Australia Issues Draft Taxation Rules on Permanent Establishments

The Australian Taxation Office (ATO) has issued draft taxation rules on permanent establishments. The draft issue clarifies that Business Entities having a Permanent Establishment (PE) do not inevitably establish that business is carried out through that PE. Companies may form a PE abroad either under a tax treaty or a local definition for Australian tax purposes.
Read More: http://www.nair-co.com/NairCo-PR-AustraliaPermanentEstablishments-20140121.aspx

China Amends Company Law Provisions

China plans to ease company establishment requirements and reform the company capital registration regime effective 1 March 2014. PRC's Company Law modifications apply to capital requirements for incorporating companies, minimum capital requirements and more.
Read More: http://www.nair-co.com/NairCo-PR-ChinaAmendsCompanyLaw-20140115.aspx

India's New Sexual Harassment Law for the Workplace

Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 recently entered into force in India. The main objective of the new legislation is to provide protection to women against sexual harassment in the workplace, ensure prevention of the same, redressal of sexual harassment complaints, implement the right to gender equality and provide a safe working environment for all employees.
Read More: http://www.nair-co.com/NairCo-PR-IndiaNewSexualHarassmentLaw-20140116.aspx

Sweden Introduces Reduced Social Security Contributions for R&D Employees

Effective 1 January 2014, Swedish Riksdaghas instated new regulation which permits business entities operating in Sweden and engaged in research or development activities to reduce their employer social security contributions. The new regulation is applicable on all compensation paid after 31 December 2013.
Read More: http://www.nair-co.com/NairCo-PR-SwedenReduceSocialSecurity-20140117.aspx

About Nair & Co.

Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com

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