Taxonomy: Sector Affected - 83
Leasing or rental services without operator
Ghana: Increase of withholding tax on foreign service providers
Description
Effective 1 January 2011, the government has increased the withholding tax on foreign service providers. Implemented via the Budget 2011, foreign service are now taxed at 15 rather than 5 percent.United States of America: Buy-local requirement of Ohio for services
Description
Governor Ted Strickland (Democrat of Ohio) issued an executive order on August 6, 2010 that prohibits the expenditure of public funds for services provided offshore.India: Visa Norms relaxed for IT Industry
Description
On 23 may 2010, India relaxed the visa norms for hiring by Indian IT companies. The IT industry can now hire foreign professionals 'as per requirement' instead of the earlier cap of '20 employees per project'.Cameroon: Liberalisation of foreign ownership ceilings in banking and residential property sectors
Description
According to the UNCTAD report, until March 2010 the government of Cameroon liberalised foreign ownership by increasing foreign ownership ceilings in the banking sector and in residential property.Indonesia: Government to ease restrictions for foreign property ownership
Description
In January, Indonesian Housing Minister, Suharso Manoarfa, was cited in several press articles to have announced that foreigners may be given the right to stay and own property in Indonesia.Malaysia: Liberalisation of FDI regime
Description
In April 2009, the Malay government has implemented the follwing steps to liberalise its foreign direct investment framework.India: Attempts to clarify various aspects of its foreign investment regime.
Description
In three Press Notes (No. 2, 3, and 6) the Indian Ministry of Commerce and Industry has sought to clarify the implementation of various aspects of that nation's foreign investment regime.Algeria: Adverse tax treatment of foreign investment
Description
The Supplementary Budget Act of 2008 and the Finance Act of 2009 contain provisions that are detrimental to the interests of foreign investors. According to KPMG:
