Tag Archive
Australia: Budget Holds Few Changes
The measures announced in Australia’s Federal Budget, largely took effect on 1 July 2010. Australia’s Treasurer, Wayne Swan, handed down the Federal Budget on 11 May 2009. The Budget included some measures that may impact individuals – including those on international assignments – and multinational employers. »
Romania: Changes to Fiscal Code
The provisions of the Romanian Government’s Emergency Ordinance no. 58/2010 (hereinafter referred to as ”the Ordinance”) are applicable as from 1 July 2010. Here is highlighted some of the principal provisions below that may impact individuals – including those on international assignment – and their multinational employers. »
France and Changes to Tax System
The French government recently announced a major policy initiative to help plug a gaping hole in France’s pay-as-you-go pension system. Under the proposed reform, 40 percent of the savings will come from raising the retirement age and associated rule changes. The rest will come from higher taxes. »
India’s Changes to Visa Rules
The Indian government has made sweeping changes to the employment, business, and tourist visa guidelines. Changes in business and employment visa guidelines have been introduced to safeguard the interests of the Indian labour force, whereas amendments in the tourist visa guidelines have been introduced mainly on concerns of internal security. »
Czech Republic and Pension, Health Insurance Changes
Adjustments to Czech Republic sickness benefits -- on a temporary basis -- in the period from 1 January 2010 to 31 December 2010. Furthermore, effective from 1 January 2010, there are significant changes in pension insurance in connection with the start of the first phase of the government’s pension reform. The... »
South Korea and Tax Law Changes for 2010
Between 31 December 2009 and 1 January 2010 the Republic of Korea’s National Assembly passed legislation1 which contained modifications to the tax law revision bills that had been proposed by the Ministry of Strategy and Finance ("MOSF") in August 2009. The revised laws became effective as of 1 January 2010. In a follow-up measure,... »
Montenegro: Changes Personal Income Tax, Social Security Rules
On 17 December 2009, the Parliament of Montenegro adopted amendments to the Personal Income Tax Law and the Law on Mandatory Social Security Insurance Contributions, which are applicable as of 1 January 2010. Amendments to the Personal Income Tax Law have reduced the range of non-taxable income items and tax rates have been harmonized at... »
UK: Proposed Changes to Citizenship Qualification Criteria
Alan Johnson, the new UK Home Secretary, recently announced proposals for changes to UK citizenship criteria. The changes are based on the fundamental principle that citizenship must be earned. »