India Regulatory Brief: New ‘Black Money’ Standards, Changes to Corporate Income Tax
In this week’s Regulatory Brief, we look at Finance Minister Arun Jaitley’s plans to curb India’s ‘black money’ problem and lower its high corporate tax rate and discuss investment plans in India’s outdated railway networks.
Setting Up a Wholly Foreign-Owned Subsidiary Company in India
Under Indian law, foreign investors are able to establish wholly owned subsidiary companies (WOS) in the form of private limited companies if they operate in sectors that permit 100 percent foreign direct investment (FDI). In this article, we explain the process involved.
What Indo-U.S. Bilateral APAs Entail For U.S. Investors
India’s decision to negotiate bilateral advance pricing agreements (APAs) with the U.S. is a welcome move. In this article, we discuss some of the important caveats that MNCs must watch out for in complying with India’s nascent APA regime.
India Regulatory Brief: India Ease of Doing Business Rankings, States Seek Mining Ordinance Concessions
In this week’s Regulatory Brief, we look at the Indian government’s plan to begin ranking states by their ease of doing business, and discuss how mineral-rich states are seeking to relax new guidelines from the Mines and Minerals Development and Regulation Amendment Ordinance.
India Regulatory Brief: Tax Exemptions for Startups, Further E-Commerce Regulations
The Indian government is devising an incentive scheme for startups which proposes exemptions from service tax and excise duties, while India’s e-commerce industry may be facing extensive regulatory reform.
India Regulatory Brief: New Medical Device Regulations for 2015, GDP Growth Revised
This week’s regulatory brief discusses the health ministry’s proposed draft of the Drugs and Cosmetics (Amendment) Bill, India’s revised GDP growth in the 2013-14 financial year, and the push for new policy regulating the operation of online pharmacies in India.
India Regulatory Brief: India Eases Foreign Exchange Management Laws, India/Switzerland to Exchange Tax Info
In this week’s Regulatory Brief, we discuss the Swiss Government’s decision to cooperate with plans for the exchange of tax information with India, and look at how India has liberalized its foreign exchange management laws.
A Guide to India’s Transfer Pricing Law, Part 2: Should BEPS be on India’s Radar?
The BEPS project calls upon world governments to implement change in tax policies to prevent artificial segregation of taxable income. Here, we discuss whether the OECD’s ongoing work on BEPS should inform India’s domestic tax framework.