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In line with Government's widely promoted objective of ensuring efficiency and transparency in tax administration...

An engineering, procurement and construction contract in India is taxed on the strength of decisions taken before the award: how the scope is divided, which entity signs, where title to equipment passes, and what the employer is told to withhold.

Keeping with United Arab Emirates (UAE) commitment to implement recommendations of Action Plan 13 - Base Erosion and Profit Shifting (BEPS)

When one thinks of the applicability of the Transfer Pricing (‘TP') provisions of the Income-tax Act, 1961 (‘Act'), the first thing that comes to mind is a situation where an Indian company...

We are pleased to share below a summary of key indirect and direct tax proposals announced in the Union Budget 2023.

Finance Minister Nirmala Sitharaman presented the Vote on Account Budget on February 1, 2024, as the General Elections are scheduled this year.

The Base Erosion and Profit Shifting project, initiated by the OECD in 2013, aimed to combat tax avoidance strategies employed by multinational enterprises and promote equitable international tax practices.

In a recent ruling, the Income Tax Appellate Tribunal, Delhi while differentiating the rulings in Centrica India Offshore and Northern Operating Systems ruled that reimbursement of salaries of the ex-patriate employees ...

India has emerged as one of the world’s leading destinations for Global Capability Centres (GCCs), with multinational corporations increasingly establishing captive centres to manage global operations, technology development, research and development, finance, legal support, data analytics and business process management functions.

Additionally, contracts should include indemnity clauses and representations that explicitly disclaim any PE-related authority or agency...

We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for the month of April 2019

The second APA Annual Report (2017-18) issued by the Central Board of Direct Tax (CBDT) on 31 August 2018, provides key facts and statistical details.

The scheme of review by Dispute Resolution Panel (‘DRP') was introduced in the Income-tax Act, 1961 (‘IT Act') vide Finance Act, 2009, with effect from 1 April 2009.

Imbibe technology – this has been the mantra of the Governments for years now. In context of income tax laws, while the first chapter can be dedicated to use of technology for tax compliances...

We are pleased to present Nexdigm (SKP)'s annual publication ‘TP Courtroom' for 2020. This is our second edition that analyzes the findings of key judicial rulings of the global Transfer Pricing landscape for the year 2020.

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.

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.