Union Budget 2017: Impact on Startups and MSMEs in India
The Union Budget 2017 was presented on February 1 and contains several provisions and amendments that impact startups and MSMEs. Read on to stay updated with the latest tax developments in the sector.
Smartphones and India: Foreign Manufacturers Take a Bite
India’s smartphone market is worth US$10 billion and the government is encouraging foreign smartphone manufacturers to grab a slice, pushing forward the Make in India campaign. Read on to learn about the developments and how smartphone makers are investing in the industry.
India’s Digital Payments Future – New Publication from Dezan Shira & Associates
India’s Digital Payments Future discusses India’s move towards cashless transactions and the opportunities for foreign investors. The report is out now and available for complimentary download on the Asia Briefing publications bookstore.
GAAR to Take Effect in India from April 2017
General Anti-Avoidance Rules (GAAR) will take effect from April 1, 2017 in India and are aimed at plugging taxation loopholes. This article discusses the scope of GAAR norms as India seeks to align its tax avoidance regulation with international best practices.
Medical Devices Rules, 2017 Notified by India’s Health Ministry
The Indian government recently notified the Medical Devices Rules, 2017. The new rules fundamentally change the regulation of the medical devices industry, streamlining many domestic regulations with international best practices.
India’s Opportunities from Closer Ties with Russia
India is negotiating an FTA with the Eurasian Economic Union (EAEU) and will become a full member of the Shanghai Co-Operation Organization (SCO). This article discusses the trade and business opportunities that may open up as a result of this expanding bilateral relationship.
Foreign Law Firms to be Allowed in Indian SEZs?
The Indian government recently amended rules possibly allowing legal and accountancy services by foreign companies in special economic zones. Read on to learn about the implications of this development as the government remains keen to liberalize the country’s legal sector despite local opposition.
POEM to Determine Tax Residency in India from April 2017
The Central Board of Direct Taxes (CBDT) recently finalized the guidelines for Place of Effective Management (POEM) regulations in India, which will come into effect from April 1, 2017. In this article, we discuss the new POEM norms and how it compares with international standards.