Malaysia: New Companies Bill Aims to Simplify Corporate Governance, Increases Liabilities of Directors
Malaysian parliament, the Dewan Rakyat, passed the new Companies Bill earlier this year. The bill will replace the 50-year-old Companies Act of 1965 and is expected to come in force by end of 2016. Here are the five key changes proposed in the Companies Bill: Incorporation gets easier:…
A Guide for Running Payroll in Germany
Germany, an active European Union member country, is also the fourth largest economy in the world. The country consists of 16 federal states which are further divided into 20 regions. Each territory has the power to impose a regional tax that can vary from 1.23% to 2.03%.…
Checklist: Sending Employees Overseas
An expat often costs 3 times the domestic employees. So from the employers perspective, it’s crucial that they take all important factors into account. Here we highlight 10 critical items every employer should check before sending their employees overseas. Want to know more about sending…
India’s Goods & Services Tax: 10 Things to Know
India’s parliament has approved implementation of Goods and Services Tax (GST) – the country’s biggest tax reform. The GST will replace and harmonize India’s current indirect tax system – a complex medley of about 17 taxes include state Value Added Tax (VAT), service…
Brazil: New Capital Gains Tax Rates from 2017
Brazilian tax authorities (RFB) have clarified that the new capital gains tax rates will apply from January 1, 2017. Brazil had converted the Provisional Measure 692/2015 (PM 692) into Law 13,259 in March earlier this year. The law increased the capital gains tax…