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Internal Audit Compliance


India Clarifies Trademark Rules for Pharmaceuticals

The Indian government has released a list of international non-proprietary names (INN) as recognized by the World health Organization, which cannot be registered as trade marks for pharmaceutical products.

Bulgaria Amends VAT Application Rules

The Bulgarian Ministry of Finance announced new amendments to the application of VAT laws which includes compulsory deregistration of certain foreign entities for VAT.

Mexico - Electronic Reporting of Customs Information Mandatory from March 1

February 10, 2012 - Recent modifications to Mexico’s foreign trade rules make it mandatory for export and import businesses to file information regarding customs transactions electronically.

Tax Filing Alerts: Hong Kong, Denmark, Ireland, Spain

The Inland Revenue Department said that it will issue the applicable version of “Employers return of remuneration and Pensions” (BIR 56A) on April 2, 2012

Highlights of Singapore Budget 2012

Singapore announced a cash grant for small and medium enterprises along with a slew of other announcements including a new scheme for enhancing productivity and innovation during its budget statement on February 17, 2012.