All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

Indian taxpayers face challenging future

Next year will herald a widescale period of change for tax in India. It will force tax directors from domestic and international companies to completely reconsider their strategies and to seek efficiencies at all levels of their company's tax affairs.

india150.jpg

An all-new tax law, greater international cooperation, GAAR, and the ever-present litigation threat are just four critical concerns taxpayers will have to contend with. They will have to become adept at identifying the best methods to migrate to the new systems while deriving the most tax benefits. Every part of a business's tax operation is being examined.

At the same time, tax officials want to make sure that everyone is complying with the new rules and that they are getting their fair share of tax revenue. This means that the risk of assessments and disputes have become part of everyday life.

International Tax Review's second India Tax Forum on September 6 & 7 in Delhi will bring together leading tax directors, officials and advisers to discuss these issues and help you to prepare for the changes that 2012 will bring. The Direct Taxes Code, GST and tax controversy will be three of the key talking points between panellists and among the delegates.

Confirmed speakers include: RN Dash, Director General of Income Tax (International Taxation), Government of India; SK Dash,Commissioner, Authority for Advance Rulings; Sunil Gupta, Joint Secretary (Tax Policy and Legislation), Ministry of Finance; and Mohan Parasaran, Senior Advocate, Supreme Court of India and Additional Solicitor General of India.

They will have much to talk about. The benefits of the Authority for Advance Rulings and how recent decisions will affect future transactions is one. The Dispute Resolution Panels and the feasibility of establishing advance pricing agreements are others. And how to cooperate and negotiate with the CBDT is guaranteed to spark debate.

The foremost Indian tax specialists will tackle these issues and more. It is a unique opportunity to hear their views, increase your understanding of the upcoming changes and how best to prepare for the future.

For more information, click here.

More from across our site

The state secretary told the French press that the country continues to oppose pillar two’s global minimum tax rate following an Ecofin meeting last week.
This week the Biden administration has run into opposition over a proposal for a federal gas tax holiday, while the European Parliament has approved a plan for an EU carbon border mechanism.
Businesses need to improve on data management to ensure tax departments become much more integrated, according to Microsoft’s chief digital officer at a KPMG event.
Businesses must ensure any alternative benchmark rate is included in their TP studies and approved by tax authorities, as Libor for the US ends in exactly a year.
Tax directors warn that a lack of adequate planning for VAT rule changes could leave businesses exposed to regulatory errors and costly fines.
Tax professionals have urged suppliers of goods from Great Britain to Northern Ireland to pause any plans to restructure their supply chains following the NI Protocol Bill.
Tax leaders say communication with peers is important for risk management, especially on how to approach regional authorities.
Advances in compliance tools in international markets and the digitalisation of global tax administrations are increasing in-house demand for technologists.
The US fast-food company has agreed to pay €1.25 billion to settle the French investigation into its transfer pricing arrangements over allegations of tax evasion.
HM Revenue and Customs said the UK pillar two legislation will be delayed until at least December 2023, while ITR reported on a secret Netflix settlement and an IMF study on VAT cuts.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree