Tax directors make internal efficiencies to do ‘more with less’ Leaders of tax departments are creating flexible and fluid tax departments that allow the tax function to innovate and adapt to new realities as budgets get cut. By Anjana Haines April 21 2020
Tax leaders need to work on becoming valued business tax partners Tax executives need to put themselves in the shoes of their CEOs and CFOs to ensure they are valued ‘business tax partners’. By Anjana Haines April 20 2020
Consultants must offer practical advice to clients, say tax directors Third-party advisors need to ensure their tax advice is practical and usable, rather than following ‘ivory tower’ theory, and ensure they do not make decisions for their clients, say tax... By Anjana Haines April 17 2020
Tax leaders seek an appetite for learning in new employees Tax directors say a new employee does not need to know every tax rule, but must show they are willing to learn, embrace new skills, be adaptable and, most importantly,... By Anjana Haines April 15 2020
The MLI wipes out Indian jurisprudence on treaty shopping Tax professionals in India warn that existing case law on tax treaty use will have almost no influence in a post-MLI world. The preamble to the Multilateral Instrument (MLI) will... By Anjana Haines April 09 2020
The MLI rewrites India’s PE rules for foreign companies The Multilateral Instrument has fundamentally changed India’s permanent establishment (PE) rules with significant consequences for foreign multinational companies with preparatory and auxiliary services in the country. By Anjana Haines April 08 2020
Businesses must analyse impact of MLI before restructuring Tax directors warn companies to analyse the impact of the Multilateral Instrument (MLI) before rushing into plans to restructure. Hasty changes could breach the principle purpose test (PPT) and create... By Anjana Haines April 06 2020
Taxpayers fear paying for GST ‘glitches’ through audits and litigation Taxpayers are concerned about the goods and services tax (GST) audits they will have to deal with after filing their tax returns because of the rigid revenue targets imposed on... By Anjana Haines April 06 2020
Seamless GST credits in India are unachievable despite automation Obtaining goods and services tax (GST) credits is a substantial challenge for companies operating in India despite attempts to automate claims and digitalise the system. By Anjana Haines April 03 2020
Companies need more time to prepare for India’s e-invoicing rules The scale of India’s e-invoicing requirements mean businesses need more time to resolve the logistical and technological challenges they are facing, warning that an extra six months may not be... By Anjana Haines April 01 2020
