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We are pleased to present the January issue of SKP Global Updates...

For the first time ever, India has jumped 30 positions to 100th in terms of ease of doing business ranking this year, as monitored by the World Bank. But despite the progress, there are still challenges along the way.

Once considered a long-term strategic move, cross-border hiring has now become an operational necessity. Today, organizations are rapidly expanding into new markets and relocating their specialists, building cross-border teams at an unprecedented pace.

The taxation of indirect transfers has been a contentious area in Indian tax law, particularly following legislative amendments and judicial interpretations. A recent tribunal decision examines whether domestic deeming provisions can override treaty protections and whether the Principal Purpose Test can be invoked without specific evidence of abuse in cross-border share transfer transactions.

On 27 March 2020, the Finance Bill, 2020 (the Bill) with some amendments received the President's assent and has now become the Finance Act, 2020.

Ask any deal lawyer which part of the share purchase agreement eats up the most time on negotiation calls, and a good number will say it is not the price, nor even the long-stop date. It is the tax schedule. The reason is simple. A company’s tax history does not end on the day of completion. Assessments get reopened, transfer pricing adjustments arrive years later, and a GST demand can land on the buyer’s desk long after the seller has moved on and the sale proceeds have been distributed to investors.

The Central Board of Direct Taxes (CBDT) has announced the Income Tax Rules of 2026 which will come into effect on April 1 2026 together with the new Income Tax Act of 2025.

The Government of India has shown its sincerest efforts to establish that it is pro-business and has made several amendments to the Income-tax Act, 1961 (the Act)...

For foreign companies looking to establish a presence in India, one of the earliest and most important decisions is choosing the right business structure.

Federal Decree-Law No. (20) of 2025 (the "Amendment"), effective 15 October 2025, makes the most substantial changes to the UAE's mainland corporate framework since the Commercial Companies Law (Federal Decree-Law No. (32) of 2021, the "CCL") came into force. It introduces preferred share classes, constitutional exit mechanics, and corporate mobility with continuity of legal personality into the onshore limited liability company – structural features that, until now, were primarily associated with DIFC / AD

One Person Companies have become a practical choice for solo entrepreneurs who want the benefit of a corporate structure without bringing in multiple shareholders.

Special Economic Zones offer export-oriented businesses and foreign investors a distinct fiscal and regulatory framework to operate in India. What tax exemptions, customs benefits, and compliance obligations apply to SEZ units under current law, and how have recent amendments reshaped the policy landscape for semiconductor manufacturing and domestic market sales?

For most businesses, tax risk often shows up too late. In many cases, owners discover these loopholes during an audit, through a penalty notice, or when facing a blocked refund.

The Bangalore bench of the Income-tax Appellate Tribunal has held that payments made by Google India to Google Ireland in the form of fees for rights of distribution and marketing of Google Ireland's ‘Adwords Program' to advertisers in India were in the nature of ‘royalty'.