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Canada’s Department of Finance has proposed transitional rules to remove the 12% Harmonized Sales Tax (HST) in British Columbia (BC) and re-introduce Provincial Sales Tax (PST) and Goods and Services Tax (GST).

Croatia’s parliament passed the amendments related to the Corporate Income Tax Law which is expected to come into effect from March 1, 2012.

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

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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.

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

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.