Confusion over the interpretation of India’s 5% allowable variation in the difference between the actual price of transactions and the arm’s-length price led to the government amending the rule in this year’s budget, but, as Salman Shaheen finds out, the changes have only created further confusion and there is still no sign of long-awaited safe harbour rules
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year