SlideShare a Scribd company logo
1 of 1
Download to read offline
The Impact of the UK Bribery Act on International Business

The UK Bribery Act enhances the sentencing power of courts and raises the maximum sentence for bribery
committed by an individual from 7 to 10 years imprisonment and/or with unlimited fine. It makes "failing to
prevent bribery" a criminal offence for commercial organizations and it not only applies to UK-based companies
but also those conducting business in the country, as well as to any individual "associated" with such an enterprise.
A determination regarding whether an organization is carrying on a business or a part of a business in the UK will
be made by UK’s courts. To prove that a business carries on business in the UK, it is necessary for the business to
have “a demonstrable business presence” in the UK…………………………………………………………………………………………………

The Act supersedes existing British laws dating back to 1889. It affects foreign companies with offices in the UK and
British companies operating overseas and seeks to prosecute companies and individuals who not only offer or
receive bribes but also fail to prevent bribery. The Act not only prohibits domestic and international bribery, but
also bribery across both private and public sectors……………………………………………………………………………………………………


To minimize any risk of bribes being given or received, it is essential for firms globally to implement a robust
compliance program. It is also advisable for companies that come under the purview of this law to review their
existing anti-corruption policies and procedures to ensure compliance as appropriate. The onus lies on the senior
management to assess and establish anti-corruption policies and procedures and enhance training for their
personnel. According to the Act, an offence is committed where a person or corporate offers, promises or gives a
financial or other advantage to another, with the intention of influencing the latter in the improper performance of
his or her relevant function or activity………………………………………………………………………………………………………………………

However, one should take note that certain expenditures which are essential for a commercial organization to
improve its image, establish cordial relations, etc. is recognized as an established and important part of doing
business and will not be in danger of being criminalized. Companies prosecuted under the Act must show they
have "adequate procedures" in place to stop bribes. The procedures include providing anti-bribery training to staff,
carrying out risk assessments, carrying out due diligence on the people being dealt with, monitoring and review of
the policies on an ongoing basis, formulating proper communication channels, to name a few.

In any international business expansion, it is best to employ the services of a professional whether it’s surviving an
audit, capitalizing on business deductions, or finding tax-friendly ways to run your business, or help reduce your
tax obligations. A good service provider would be focused on providing exceptional assistance in various areas of
business like tax equalization expat, international accounts payable, etc.

Click here for more on intercompany transfer pricing & eu vat rules

More Related Content

More from Nair and Co.

Sweden Proposes Budget 2014
Sweden Proposes Budget 2014Sweden Proposes Budget 2014
Sweden Proposes Budget 2014Nair and Co.
 
Russia Adopts Amended Tax Code
Russia Adopts Amended Tax CodeRussia Adopts Amended Tax Code
Russia Adopts Amended Tax CodeNair and Co.
 
India Enacts Further Sections of the Companies Act, 2013
India Enacts Further Sections of the Companies Act, 2013India Enacts Further Sections of the Companies Act, 2013
India Enacts Further Sections of the Companies Act, 2013Nair and Co.
 
Vietnam Amends Tax, Labour and VAT Regulations
Vietnam Amends Tax, Labour and VAT RegulationsVietnam Amends Tax, Labour and VAT Regulations
Vietnam Amends Tax, Labour and VAT RegulationsNair and Co.
 
India Announces New Corporate Social Responsibility Rules
India Announces New Corporate Social Responsibility RulesIndia Announces New Corporate Social Responsibility Rules
India Announces New Corporate Social Responsibility RulesNair and Co.
 
United Kingdom – Budget 2014 Announced
United Kingdom – Budget 2014 AnnouncedUnited Kingdom – Budget 2014 Announced
United Kingdom – Budget 2014 AnnouncedNair and Co.
 
Philippines Introduces New Permit for 9(g) Pre-arranged Employment Visa Appli...
Philippines Introduces New Permit for 9(g) Pre-arranged Employment Visa Appli...Philippines Introduces New Permit for 9(g) Pre-arranged Employment Visa Appli...
Philippines Introduces New Permit for 9(g) Pre-arranged Employment Visa Appli...Nair and Co.
 
Argentina Clarifies Income Tax Provisions
Argentina Clarifies Income Tax ProvisionsArgentina Clarifies Income Tax Provisions
Argentina Clarifies Income Tax ProvisionsNair and Co.
 
China Eases Tax Exemption for E-commerce
China Eases Tax Exemption for E-commerceChina Eases Tax Exemption for E-commerce
China Eases Tax Exemption for E-commerceNair and Co.
 
Belgium Introduces Changes to Employment Law Regulations
Belgium Introduces Changes to Employment Law RegulationsBelgium Introduces Changes to Employment Law Regulations
Belgium Introduces Changes to Employment Law RegulationsNair and Co.
 
Germany Updates Minimum Salary Qualifications for EU Blue Card Holders
Germany Updates Minimum Salary Qualifications for EU Blue Card HoldersGermany Updates Minimum Salary Qualifications for EU Blue Card Holders
Germany Updates Minimum Salary Qualifications for EU Blue Card HoldersNair and Co.
 
Australia Increases Super (Superannuation Guarantee), the Required Employer R...
Australia Increases Super (Superannuation Guarantee), the Required Employer R...Australia Increases Super (Superannuation Guarantee), the Required Employer R...
Australia Increases Super (Superannuation Guarantee), the Required Employer R...Nair and Co.
 
Belgium Changes Withholding Tax Rates
Belgium Changes Withholding Tax RatesBelgium Changes Withholding Tax Rates
Belgium Changes Withholding Tax RatesNair and Co.
 
Sir Alan Collins to Honour “Magical Team” at The Churchill Club Awards Ceremony
Sir Alan Collins to Honour “Magical Team” at The Churchill Club Awards CeremonySir Alan Collins to Honour “Magical Team” at The Churchill Club Awards Ceremony
Sir Alan Collins to Honour “Magical Team” at The Churchill Club Awards CeremonyNair and Co.
 
Australia Announces Changes to Unfair Dismissal Related Thresholds
Australia Announces Changes to Unfair Dismissal Related ThresholdsAustralia Announces Changes to Unfair Dismissal Related Thresholds
Australia Announces Changes to Unfair Dismissal Related ThresholdsNair and Co.
 
South Korea Enacts Tax Revision Bill: Update from International Tax Complianc...
South Korea Enacts Tax Revision Bill: Update from International Tax Complianc...South Korea Enacts Tax Revision Bill: Update from International Tax Complianc...
South Korea Enacts Tax Revision Bill: Update from International Tax Complianc...Nair and Co.
 
Australian Federal Court Clarifies that Reasonable Performance Management is ...
Australian Federal Court Clarifies that Reasonable Performance Management is ...Australian Federal Court Clarifies that Reasonable Performance Management is ...
Australian Federal Court Clarifies that Reasonable Performance Management is ...Nair and Co.
 
India Notifies Rules for ‘Voluntary Compliance Encouragement Scheme’: Update ...
India Notifies Rules for ‘Voluntary Compliance Encouragement Scheme’: Update ...India Notifies Rules for ‘Voluntary Compliance Encouragement Scheme’: Update ...
India Notifies Rules for ‘Voluntary Compliance Encouragement Scheme’: Update ...Nair and Co.
 
India passes finance bill for 2013 14- updates from international tax consult...
India passes finance bill for 2013 14- updates from international tax consult...India passes finance bill for 2013 14- updates from international tax consult...
India passes finance bill for 2013 14- updates from international tax consult...Nair and Co.
 
Argentina Introduces New Systems for Recording Overseas Payments: Update from...
Argentina Introduces New Systems for Recording Overseas Payments: Update from...Argentina Introduces New Systems for Recording Overseas Payments: Update from...
Argentina Introduces New Systems for Recording Overseas Payments: Update from...Nair and Co.
 

More from Nair and Co. (20)

Sweden Proposes Budget 2014
Sweden Proposes Budget 2014Sweden Proposes Budget 2014
Sweden Proposes Budget 2014
 
Russia Adopts Amended Tax Code
Russia Adopts Amended Tax CodeRussia Adopts Amended Tax Code
Russia Adopts Amended Tax Code
 
India Enacts Further Sections of the Companies Act, 2013
India Enacts Further Sections of the Companies Act, 2013India Enacts Further Sections of the Companies Act, 2013
India Enacts Further Sections of the Companies Act, 2013
 
Vietnam Amends Tax, Labour and VAT Regulations
Vietnam Amends Tax, Labour and VAT RegulationsVietnam Amends Tax, Labour and VAT Regulations
Vietnam Amends Tax, Labour and VAT Regulations
 
India Announces New Corporate Social Responsibility Rules
India Announces New Corporate Social Responsibility RulesIndia Announces New Corporate Social Responsibility Rules
India Announces New Corporate Social Responsibility Rules
 
United Kingdom – Budget 2014 Announced
United Kingdom – Budget 2014 AnnouncedUnited Kingdom – Budget 2014 Announced
United Kingdom – Budget 2014 Announced
 
Philippines Introduces New Permit for 9(g) Pre-arranged Employment Visa Appli...
Philippines Introduces New Permit for 9(g) Pre-arranged Employment Visa Appli...Philippines Introduces New Permit for 9(g) Pre-arranged Employment Visa Appli...
Philippines Introduces New Permit for 9(g) Pre-arranged Employment Visa Appli...
 
Argentina Clarifies Income Tax Provisions
Argentina Clarifies Income Tax ProvisionsArgentina Clarifies Income Tax Provisions
Argentina Clarifies Income Tax Provisions
 
China Eases Tax Exemption for E-commerce
China Eases Tax Exemption for E-commerceChina Eases Tax Exemption for E-commerce
China Eases Tax Exemption for E-commerce
 
Belgium Introduces Changes to Employment Law Regulations
Belgium Introduces Changes to Employment Law RegulationsBelgium Introduces Changes to Employment Law Regulations
Belgium Introduces Changes to Employment Law Regulations
 
Germany Updates Minimum Salary Qualifications for EU Blue Card Holders
Germany Updates Minimum Salary Qualifications for EU Blue Card HoldersGermany Updates Minimum Salary Qualifications for EU Blue Card Holders
Germany Updates Minimum Salary Qualifications for EU Blue Card Holders
 
Australia Increases Super (Superannuation Guarantee), the Required Employer R...
Australia Increases Super (Superannuation Guarantee), the Required Employer R...Australia Increases Super (Superannuation Guarantee), the Required Employer R...
Australia Increases Super (Superannuation Guarantee), the Required Employer R...
 
Belgium Changes Withholding Tax Rates
Belgium Changes Withholding Tax RatesBelgium Changes Withholding Tax Rates
Belgium Changes Withholding Tax Rates
 
Sir Alan Collins to Honour “Magical Team” at The Churchill Club Awards Ceremony
Sir Alan Collins to Honour “Magical Team” at The Churchill Club Awards CeremonySir Alan Collins to Honour “Magical Team” at The Churchill Club Awards Ceremony
Sir Alan Collins to Honour “Magical Team” at The Churchill Club Awards Ceremony
 
Australia Announces Changes to Unfair Dismissal Related Thresholds
Australia Announces Changes to Unfair Dismissal Related ThresholdsAustralia Announces Changes to Unfair Dismissal Related Thresholds
Australia Announces Changes to Unfair Dismissal Related Thresholds
 
South Korea Enacts Tax Revision Bill: Update from International Tax Complianc...
South Korea Enacts Tax Revision Bill: Update from International Tax Complianc...South Korea Enacts Tax Revision Bill: Update from International Tax Complianc...
South Korea Enacts Tax Revision Bill: Update from International Tax Complianc...
 
Australian Federal Court Clarifies that Reasonable Performance Management is ...
Australian Federal Court Clarifies that Reasonable Performance Management is ...Australian Federal Court Clarifies that Reasonable Performance Management is ...
Australian Federal Court Clarifies that Reasonable Performance Management is ...
 
India Notifies Rules for ‘Voluntary Compliance Encouragement Scheme’: Update ...
India Notifies Rules for ‘Voluntary Compliance Encouragement Scheme’: Update ...India Notifies Rules for ‘Voluntary Compliance Encouragement Scheme’: Update ...
India Notifies Rules for ‘Voluntary Compliance Encouragement Scheme’: Update ...
 
India passes finance bill for 2013 14- updates from international tax consult...
India passes finance bill for 2013 14- updates from international tax consult...India passes finance bill for 2013 14- updates from international tax consult...
India passes finance bill for 2013 14- updates from international tax consult...
 
Argentina Introduces New Systems for Recording Overseas Payments: Update from...
Argentina Introduces New Systems for Recording Overseas Payments: Update from...Argentina Introduces New Systems for Recording Overseas Payments: Update from...
Argentina Introduces New Systems for Recording Overseas Payments: Update from...
 

Recently uploaded

Elevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesElevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesHaseebBashir5
 
The Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdfThe Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdfMont Surfaces
 
Hyundai capital 2024 1q Earnings release
Hyundai capital 2024 1q Earnings releaseHyundai capital 2024 1q Earnings release
Hyundai capital 2024 1q Earnings releaseirhcs
 
stock price prediction using machine learning
stock price prediction using machine learningstock price prediction using machine learning
stock price prediction using machine learninggauravwankar27
 
5 Brilliant Ways To Buy Verified Payoneer Accounts In 2024
5 Brilliant Ways To Buy Verified Payoneer Accounts In 20245 Brilliant Ways To Buy Verified Payoneer Accounts In 2024
5 Brilliant Ways To Buy Verified Payoneer Accounts In 2024https://localsmmshop.com/
 
(( wa 0851/7541/5434 )) Jual Obat Aborsi Di Surabaya - Cytotec Misoprostol 20...
(( wa 0851/7541/5434 )) Jual Obat Aborsi Di Surabaya - Cytotec Misoprostol 20...(( wa 0851/7541/5434 )) Jual Obat Aborsi Di Surabaya - Cytotec Misoprostol 20...
(( wa 0851/7541/5434 )) Jual Obat Aborsi Di Surabaya - Cytotec Misoprostol 20...Spesiialis Kandungan BPOM
 
Presentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledPresentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledCaitlinCummins3
 
How Do Venture Capitalists Make Decisions?
How Do Venture Capitalists Make Decisions?How Do Venture Capitalists Make Decisions?
How Do Venture Capitalists Make Decisions?Alejandro Cremades
 
Jual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg Pfizer
Jual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg PfizerJual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg Pfizer
Jual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg PfizerPusat Herbal Resmi BPOM
 
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdfبروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdfomnme1
 
Guide to Networking Essentials 8th Edition by Greg Tomsho solution manual.doc
Guide to Networking Essentials 8th Edition by Greg Tomsho solution manual.docGuide to Networking Essentials 8th Edition by Greg Tomsho solution manual.doc
Guide to Networking Essentials 8th Edition by Greg Tomsho solution manual.docssuserf63bd7
 
PitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for StartupsPitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for StartupsAlejandro Cremades
 
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Harare
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In HarareTop^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Harare
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Hararedoctorjoe1984
 
1Q24_EN hyundai capital 1q performance
1Q24_EN   hyundai capital 1q performance1Q24_EN   hyundai capital 1q performance
1Q24_EN hyundai capital 1q performanceirhcs
 
NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...
NewBase   17 May  2024  Energy News issue - 1725 by Khaled Al Awadi_compresse...NewBase   17 May  2024  Energy News issue - 1725 by Khaled Al Awadi_compresse...
NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...Khaled Al Awadi
 
Powerpoint showing results from tik tok metrics
Powerpoint showing results from tik tok metricsPowerpoint showing results from tik tok metrics
Powerpoint showing results from tik tok metricsCaitlinCummins3
 
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdfProgress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdfHolger Mueller
 
What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...srcw2322l101
 

Recently uploaded (20)

Elevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesElevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO Services
 
The Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdfThe Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdf
 
Apotik Jual Obat Aborsi asli Mataram, Wa : 085180626899 - Penjual obat Cytote...
Apotik Jual Obat Aborsi asli Mataram, Wa : 085180626899 - Penjual obat Cytote...Apotik Jual Obat Aborsi asli Mataram, Wa : 085180626899 - Penjual obat Cytote...
Apotik Jual Obat Aborsi asli Mataram, Wa : 085180626899 - Penjual obat Cytote...
 
Hyundai capital 2024 1q Earnings release
Hyundai capital 2024 1q Earnings releaseHyundai capital 2024 1q Earnings release
Hyundai capital 2024 1q Earnings release
 
stock price prediction using machine learning
stock price prediction using machine learningstock price prediction using machine learning
stock price prediction using machine learning
 
5 Brilliant Ways To Buy Verified Payoneer Accounts In 2024
5 Brilliant Ways To Buy Verified Payoneer Accounts In 20245 Brilliant Ways To Buy Verified Payoneer Accounts In 2024
5 Brilliant Ways To Buy Verified Payoneer Accounts In 2024
 
(( wa 0851/7541/5434 )) Jual Obat Aborsi Di Surabaya - Cytotec Misoprostol 20...
(( wa 0851/7541/5434 )) Jual Obat Aborsi Di Surabaya - Cytotec Misoprostol 20...(( wa 0851/7541/5434 )) Jual Obat Aborsi Di Surabaya - Cytotec Misoprostol 20...
(( wa 0851/7541/5434 )) Jual Obat Aborsi Di Surabaya - Cytotec Misoprostol 20...
 
Presentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledPresentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelled
 
How Do Venture Capitalists Make Decisions?
How Do Venture Capitalists Make Decisions?How Do Venture Capitalists Make Decisions?
How Do Venture Capitalists Make Decisions?
 
Jual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg Pfizer
Jual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg PfizerJual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg Pfizer
Jual Obat Aborsi Di Sibolga wa 0851/7541/5434 Cytotec Misoprostol 200mcg Pfizer
 
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdfبروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
 
(推特)Twitter账号批发(自助购买网址🎉top233.com🎉)
(推特)Twitter账号批发(自助购买网址🎉top233.com🎉)(推特)Twitter账号批发(自助购买网址🎉top233.com🎉)
(推特)Twitter账号批发(自助购买网址🎉top233.com🎉)
 
Guide to Networking Essentials 8th Edition by Greg Tomsho solution manual.doc
Guide to Networking Essentials 8th Edition by Greg Tomsho solution manual.docGuide to Networking Essentials 8th Edition by Greg Tomsho solution manual.doc
Guide to Networking Essentials 8th Edition by Greg Tomsho solution manual.doc
 
PitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for StartupsPitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for Startups
 
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Harare
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In HarareTop^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Harare
Top^Clinic ^%[+27785538335__Safe*Women's clinic//Abortion Pills In Harare
 
1Q24_EN hyundai capital 1q performance
1Q24_EN   hyundai capital 1q performance1Q24_EN   hyundai capital 1q performance
1Q24_EN hyundai capital 1q performance
 
NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...
NewBase   17 May  2024  Energy News issue - 1725 by Khaled Al Awadi_compresse...NewBase   17 May  2024  Energy News issue - 1725 by Khaled Al Awadi_compresse...
NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi_compresse...
 
Powerpoint showing results from tik tok metrics
Powerpoint showing results from tik tok metricsPowerpoint showing results from tik tok metrics
Powerpoint showing results from tik tok metrics
 
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdfProgress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
Progress Report - UKG Analyst Summit 2024 - A lot to do - Good Progress1-1.pdf
 
What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...
 

The Impact of the UK Bribery Act on International Business

  • 1. The Impact of the UK Bribery Act on International Business The UK Bribery Act enhances the sentencing power of courts and raises the maximum sentence for bribery committed by an individual from 7 to 10 years imprisonment and/or with unlimited fine. It makes "failing to prevent bribery" a criminal offence for commercial organizations and it not only applies to UK-based companies but also those conducting business in the country, as well as to any individual "associated" with such an enterprise. A determination regarding whether an organization is carrying on a business or a part of a business in the UK will be made by UK’s courts. To prove that a business carries on business in the UK, it is necessary for the business to have “a demonstrable business presence” in the UK………………………………………………………………………………………………… The Act supersedes existing British laws dating back to 1889. It affects foreign companies with offices in the UK and British companies operating overseas and seeks to prosecute companies and individuals who not only offer or receive bribes but also fail to prevent bribery. The Act not only prohibits domestic and international bribery, but also bribery across both private and public sectors…………………………………………………………………………………………………… To minimize any risk of bribes being given or received, it is essential for firms globally to implement a robust compliance program. It is also advisable for companies that come under the purview of this law to review their existing anti-corruption policies and procedures to ensure compliance as appropriate. The onus lies on the senior management to assess and establish anti-corruption policies and procedures and enhance training for their personnel. According to the Act, an offence is committed where a person or corporate offers, promises or gives a financial or other advantage to another, with the intention of influencing the latter in the improper performance of his or her relevant function or activity……………………………………………………………………………………………………………………… However, one should take note that certain expenditures which are essential for a commercial organization to improve its image, establish cordial relations, etc. is recognized as an established and important part of doing business and will not be in danger of being criminalized. Companies prosecuted under the Act must show they have "adequate procedures" in place to stop bribes. The procedures include providing anti-bribery training to staff, carrying out risk assessments, carrying out due diligence on the people being dealt with, monitoring and review of the policies on an ongoing basis, formulating proper communication channels, to name a few. In any international business expansion, it is best to employ the services of a professional whether it’s surviving an audit, capitalizing on business deductions, or finding tax-friendly ways to run your business, or help reduce your tax obligations. A good service provider would be focused on providing exceptional assistance in various areas of business like tax equalization expat, international accounts payable, etc. Click here for more on intercompany transfer pricing & eu vat rules