On 14 May 2013, the Commonwealth Treasurer, the Honourable Wayne Swan MP, delivered the Australian Federal Budget 2013-14.1 In addition, on 13 May 2013, the Treasurer and the Minister for Disability Reform, Jenny Macklin, released draft legislation to enact the proposed increase of the Medicare Levy to fund DisabilityCare Australia, the government’s National Disability... »
Government Ordinance no. 8/20131 (G.O. no. 8/2013 ) recently modified the Romanian Fiscal Code, significantly impacting Romanian companies with employees assigned abroad. The changes under G.O. no. 8/2013 effectively provide a cash-flow advantage for Romanian companies, making it potentially easier to implement tax equalization... »
On 8 May 2013, the U.K. tax authorities, HM Revenue and Customs (“HMRC”), published the much-anticipated draft guidance to the new statutory residence test (SRT)1. As expected, the guidance is detailed and contains many examples. The guidance provides a helpful look at HMRC’s view... »
This Flash International Executive Alert discusses the recent release of details on a “data matching” program, which allows the Australian Taxation Office (ATO) to acquire temporary working visa data from the Department of Immigration and Citizenship (DIAC).1 Temporary Working Visas Data Matching Program The... »
Belgium’s social security regime with respect to “collective non-recurrent results-linked bonuses” has been modified as from January 1, 2013. The bonus system, however, remains attractive from the tax and social security perspectives, allowing employers to grant bonuses at limited cost. Collective Bonus Exempt from... »
Her Majesty’s Customs & Revenue (HMRC) in the United Kingdom has published a new “Short Term Business Visitors (Appendix 4) agreement.” In this Flash International Executive Alert we briefly describe important changes introduced by this new agreement. Background Many companies use a Short... »
The London Totally Expat Show is fast approaching and with it the launch of TIME. The new face of relocation is one step closer and so in advance of the system, TIME Relocation are delighted to announce the launch of their new website. The website shows... »
From 23 March 2013, the current visitor visa stream is to be “simplified.” This is in line with the Australian government’s commitment to reduce the total number of visa subclasses by 50 percent by 2015.1 As part of these changes, a “short activity... »
On April 10, 2013, U.S. President Barack Obama proposed additional tax revenue as a part of his $3.77 trillion budget proposal for fiscal year 2014, including several new proposals. United States – President Releases Budget for FY 2014 by KPMG LLP’s Washington National Tax... »
The introduction of a Statutory Residence Test (SRT) in the U.K. with effect from 6 April 2013, has been the subject of a number of previous reports in Flash International Executive Alert. Draft legislation was published in December 2012 (see Flash International Executive Alert... »
The introduction of a Statutory Residence Test (SRT) in the U.K. with effect from 6 April 2013, has been the subject of a number of previous reports in Flash International Executive Alert. Draft legislation was published in December 2012 (see Flash International Executive Alert... »
The United Kingdom authorities are introducing new measures relating to foreign nationals coming to work or visit effective from 6 April 2013.1 We outline the main changes below. • Tightening the visitor category such that repeat visits to the U.K. would be scrutinized... »
On 26 February 2013, the Danish government announced the anticipated growth and job stimulus package. The plan, which is entitled “Growth Plan DK” (“Vækstplan DK”)1, was presented by the government not as a mere plan, but as a three-track reform to meet what the... »
Law 16/2012 of 27 December1 Timing Imputation Rule A new rule is in effect as of 1 January 2013, in cases where there is a loss of residence due to a move to a European Union (EU) country intended to comply with the European... »
George Osborne, the U.K.’s Chancellor of the Exchequer, presented the 2013 Budget speech on 20 March 2013. The Finance Bill 2013 is due to be published on 28 March 2013, and an update will follow at that time. Below, we highlight some of the... »
Changes to Subclass 457 Visa Program On 23 February 2013, Australia’s new Minister for Immigration, Brendan O’Connor MP, announced a raft of changes around the Temporary (work) Skilled subclass 457 visa (‘subclass 457 visa’).1 These changes are seen as building further on the major... »
Corporate accommodation options expand across Brazil with Skyline Worldwide Skyline continues its expansion throughout Brazil offering temporary accommodation solutions in 21 cities. New headquarters in the thriving Brazilian metropolis of São Paulo based in the Rochaverá Corporate Towers. Skyline Worldwide has for the past... »
Major changes are being implemented in France concerning the collection of income tax on passive income that will impact nearly all assignees.1 The French government introduced a compulsory levy (so-called “Prélèvement Obligatoire Non Libératoire”(PONL)) to avoid an “air pocket” of many millions of euros... »
In Greece two new tax laws have come into force. Tax Law No. 4110 amends provisions of the country’s income tax code,1 while Law No. 4111 imposes new measures.2 Together these laws raise tax rates, lower thresholds, restrict tax reliefs, and generally raise the... »
