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India Archive

  • August 2019

    Indian tax heads frustrated by slow tax reform with no timeline

    August 22, 2019

    Tax heads at India’s largest companies are disappointed about the long wait for tax reform, especially the move to a 25% corporate tax rate, as the country tries to balance its tax base and stimulate its economy.

  • What to expect at the IFA 2019 Congress

    August 09, 2019

    International Tax Review speaks to IFA President Murray Clayson about the prospects for “radical change” on digital tax and why the London Congress will focus on BEPS Action 4 and the challenges facing investment funds.

  • July 2019

    Global minimum taxation: A matter of time

    July 10, 2019

    Minimum tax red flags have appeared in recent legislation as countries and organisations race to address perceived inequities within the international tax regime.

  • Tax Advisory Survey 2019

    July 10, 2019

    Tax and trade wars among governments and the battles companies face against tax authorities through audits and inevitable disputes mean even the most super-human tax director among us needs a little help.

  • India’s angel tax

    July 10, 2019

    Generally, income taxes are not levied at the same time as the investment transaction in the share capital of any company because this amounts to the allotment of new shares. However, writes Anand Jaiswal of Infosys, this route of investment has been misused by many to dump huge funds in otherwise less valued companies for various reasons, including round-tripping and money laundering.

  • Tax transformation: What companies need to know

    July 10, 2019

    In a wide-ranging interview, ITR speaks to Terri LaRae, partner and leader of the global operations transformation tax team at Deloitte, about the factors driving tax transformation and how tax departments can get the best out of it.

  • India: Demystification of scope for claiming tax treaty benefits – welcome stride for foreign investors

    July 10, 2019

    The Bombay High Court (the High Court) has delivered a landmark precedent while disposing the writ petition filed by a Mauritian company (the petitioner).

  • How concerned should companies be about data they send to tax authorities becoming public?

    July 10, 2019

    It’s interesting that the subject of data submitted to the tax authorities becoming public, either through a data leak or public country-by-country reporting (CbCR), is clearly still a significant concern among tax directors.

  • Action 1 and the virtual permanent establishment

    July 09, 2019

    Antonio Lanotte explores the BEPS Action 1 report and its influence on modern legislation including the UK’s diverted profits tax and India’s proposals for taxing the digital economy.

  • June 2019

    Tax heads: DSTs are not illegal or discriminatory

    June 24, 2019

    A panel of tax experts surveyed by International Tax Review say digital services taxes (DSTs) are distortive and must be temporary – but few thought they were illegal or discriminatory.

  • May 2019

    OECD to consider worldwide fractional apportionment

    May 31, 2019

    The OECD’s Inclusive Framework countries have agreed to a 40-page report that outlines potential ways to tax the digital economy. The document suggests, among other measures, introducing worldwide fractional apportionment for corporate profits.

  • India looks to overseas examples for new e-invoicing regime

    May 28, 2019

    After revolutionising its tax system with the introduction of GST in 2017, India will take another big step forward by introducing e-invoicing. But will it be a case of evolution, rather than revolution, this time?

  • Profit attribution to Indian PE: Treading a different path

    May 28, 2019

    Arvind Singal and Nitin Kapoor of RBS Services India analyse India’s move away from transfer pricing norms and the global consensus on taxing rights, and what it could mean for companies.

  • Exercising judgement as the head of tax

    May 28, 2019

    Heads of tax are called upon to make decisions continually, ranging from routine choices to the less frequent, but materially significant. Making decisions involves a combination of exercising judgement and drawing on structured processes to reduce risk writes Sandy Markwick, head of the Tax Director Network at Winmark.

  • India seeks to codify rules on attribution of profits to a permanent establishment

    May 28, 2019

    On April 18 2019, the Central Board of Direct Taxes (CBDT) issued a public consultation report, laying down its proposal for attribution of profits to a permanent establishment (PE) in India. The report is India's first attempt to codify rules on attribution of profits to a PE.

  • What taxpayers want from India’s GST 2.0

    May 21, 2019

    India is undergoing a general election and the future success of the country’s goods and services tax (GST) depends heavily on its outcome and how the new government delivers on the industry’s wishlist for a better GST, say taxpayers.

  • Taxpayers say India’s proposed move to fractional apportionment would intensify disputes

    May 15, 2019

    The consultation period for feedback on India’s proposed changes to its profit-attribution rules has not yet ended, but the debate around the potential costs and benefits of any change is already hotting up.

  • India reforms real estate taxes

    May 03, 2019

    In April 2019, India implemented GST reform in the real estate sector, seeing rates drop to as low as 1% for some residential sectors. Dhruva Advisors' Ritesh Kanodia and Meetika Baghel discuss the implications for property buyers and developers.

  • Taxpayers say a sabbatical on BEPS would be a good thing

    May 01, 2019

    Tax directors have criticised a post-BEPS environment for emboldening less experienced, less technically-knowledgeable tax authorities to start transfer pricing audits based on “unsound arguments” to crack down on aggressive tax planning.

  • April 2019

    Media companies support digital taxation proposals

    April 05, 2019

    Media-related businesses are united in their desire to ‘level the playing field’ on taxing traditional and digital companies, but they do not all agree on the best way forward.

  • The world’s best tax transactional firms 2019

    April 03, 2019

    International Tax Review presents key trends and developments in the tax transactional market and ranks the best firms to help companies navigate the post-BEPS environment that poses challenges in restructuring and mergers and acquisitions.

  • Survey: Untangling CFC rules and regimes

    April 01, 2019

    Companies have to navigate a web of differing rules targeting controlled foreign corporations (CFCs) and their shareholders, but the process is far from easy when the distinctions in each country’s rules risk unexpected audits or an unreasonably high tax burden.

  • March 2019

    India happy to be the leader in tax but still craves consensus

    March 21, 2019

    During International Tax Review’s India Tax Forum, Hitesh D Gajaria, partner and head of tax at KPMG India, sat down with Akhilesh Ranjan, member of the Central Board of Direct Taxes and key figure in the international tax community, to talk about a variety of tax topics.

  • Stepping up: Companies get into the stride of post-BEPS tax transactions

    March 21, 2019

    After a buoyant start to 2018, M&A activity tailed off in the final quarter of the year. Despite this, for transactional tax, many large companies are restructuring as they adjust to the US Tax Cuts and Jobs Act, post-BEPS rules such as the EU Anti-Tax Avoidance Directive, and to the new reality of the digital economy.

  • Government and customers – the driving force of digitisation

    March 21, 2019

    Kim Hau, senior proposition manager for ONESOURCE Indirect Tax at Thomson Reuters, explains why corporate indirect tax teams must shift their approach from ‘surviving’ the compliance cycle to a more proactive and considered way of working.

  • Mumbai tribunal affirms territorial nexus as essential in determining attributable profits

    March 21, 2019

    The Mumbai Income Tax Appellate Tribunal (tribunal) has held that a territorial nexus is necessary for determining profits attributable to operations carried out in India. Agency commission accrued, or arising, outside of India is not taxable under domestic laws.

  • MNEs accept higher tax burden is inevitable at OECD digital tax consultation

    March 14, 2019

    Corporate tax heads at the OECD digital tax consultation in Paris admitted that they would need to bow to political pressure and accept potentially painful reforms.

  • ITR Asia Tax Awards 2019 shortlist announced

    March 11, 2019

    The nominations for the ITR Asia Tax Awards have been announced.

  • February 2019

    Submit now for World Tax and World TP 2020

    February 11, 2019

    We are pleased to announce the official launch of World Tax and World TP 2020.

  • Skills exchange helps tax teams succeed with digital reporting

    February 11, 2019

    Tax departments are partnering with other corporate functions to obtain the skills required to comply with technology-driven tax policies as they try to find a way around limited budgets and resources.

  • India plans to drop significant economic presence rule and equalisation levy

    February 08, 2019

    India will abandon its significant economic presence (SEP) rule and drop the equalisation levy once OECD members come to an agreement on how to tax the digital economy, a leading government figure has said. But taxpayers want clarity on SEP thresholds now.

  • Working with ‘early adopter’ tax authorities

    February 06, 2019

    Companies should be wary of tax authorities investing in new technology, particularly those that are willing to innovate; but, say in-house tax chiefs, there can be major advantages to being in an ‘early adopter’ country.

  • How important is tax competition to India?

    February 04, 2019

    India can be resilient against the competitive tax policies of neighbouring countries and the US, but tax experts at International Tax Review’s India Tax Forum want the country to amend corporate tax rates and expand the base to maintain this.

  • Investor pressure drives corporate tax policy development

    February 01, 2019

    Investors are giving serious consideration to their targets’ corporate tax policies before agreeing on the deal, but there are a number of companies that still have no such policy in place.

  • India commits to anonymised tax return assessments in interim budget

    February 01, 2019

    India has confirmed its aim to move to anonymised tax return assessments (ATRAs) within two years, a measure which is dividing the tax community.

  • January 2019

    Financial institutions adapt to tax transparency

    January 28, 2019

    Tax transparency initiatives such as the CRS, AEOI and FATCA, and the upcoming mandatory disclosure rules, are having a profound impact on the operations and IT infrastructure of financial institutions (FIs) worldwide. Ronald Frey, chief product officer of the RegTech product unit within BearingPoint, discusses how these are creating trends towards data alignment and centralisation, and are changing the role of FIs and wealth managers in cross-border tax reporting.

  • The battle for resources: Making the case for tax departments

    January 28, 2019

    The rate of change in the tax regulatory environment in recent years has been rapid, arguably more so than at any other time in recent history. Heads of tax are competing with colleagues in other functions for a share of finite budgets. The challenge is to show value for money, writes Sandy Markwick, head of the Tax Director Network at Winmark.

  • India: Delhi’s High Court maintains that overseas GE entities have a permanent establishment in India

    January 28, 2019

  • Not another tax department transformation

    January 28, 2019

    One of the principal subjects of discussion and analysis in tax in recent months is digitalisation. I am not only talking about the OECD, EU and unilateral proposals to address the taxation of the digital, or digitalised, economy, but also the potential of digital innovations to change business, tax administration and tax department processes.

  • What the G20 should know about international cryptocurrency tax policy

    January 07, 2019

    International cryptocurrency tax policy can achieve trust if it is done correctly, writes Michael Minihan, partner at BX3 Capital.

International Correspondents