March’s budget introduced India’s first advance pricing agreement (APA) regime and also saw the inclusion of
domestic transactions into the country’s transfer pricing laws. Karishma Phatarphekar and Shefali Shah of Grant
Thornton India and Arun Chhabra of Walker Chandiok & Associates run through the changes and offers
case studies on how best to cope with the amendments.
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The firms made senior hires in Los Angeles and Cleveland respectively; in other news, South Korea reported an 11% rise in tax income, fuelled by a corporation tax boom
While the manual should be consulted for any questions around MAPs, the OECD’s Sriram Govind also emphasised that the guidance is ‘not a political commitment’
The landmark Indian Supreme Court judgment redefines GAAR, JAAR and treaty safeguards, rejects protections for indirect transfers and tightens conditions for Mauritius‑based investors claiming DTAA relief
As tax teams face pressure from complex rules and manual processes, adopting clear ownership, clean data and adaptable technology is essential, writes Russell Gammon, chief innovation officer at Tax Systems