Other Briefings
Tradable Tax Incentives a Boost for Service Exporters
The federal government is looking to boost India’s services exports via expanding the scope of the existing tax incentive scheme to make it more widely used and effective. The initiative was unveiled in India’s new five-year foreign trade policy on April 1; the plan is a part of the government’s overall strategy to promote service exports for a range of sectors, including consultancies and healthcare.
Preparing your India Business for End of Year Audit
March signifies the last fiscal month of the Indian financial year, meaning this is a good time to get into preparation for your annual Indian audit. Here, we provide keys points for your financial administration team to be aware of in the lead up to audit.
Navigating India’s Goods & Services Tax
The idea of replacing India’s current system of indirect taxes with a Goods and Services Tax (GST) was initially mooted in 2000. In this article, we analyze how the tax will be structured and discuss how it will be implemented.
India’s Export Duties to Come Under Increased Scrutiny
On February 28, India’s budget for 2015-16 will be presented by Finance Minister Arun Jaitley. A key segment of government planning is expected to focus on India’s current export duties.
Tax Disputes in India – a Year in Review
When elected in May 2014, Narendra Modi sought to establish rule of law in disputes with foreign firms and reduce uncertainty amongst foreign investors . In this article we take a look at some recent court decisions to see if the government is following through on its pledge to end “tax terrorism.”
Understanding India’s Industry-Specific Tax Incentives
Tax deductions exist in numerous Indian sectors where the government deems foreign investment to be in the interest of the country. In this article, we highlight which industries offer tax incentives and outline how foreign businesses can qualify for tax deductions.
New G20 Initiative Gives India Boost in Fight Against Tax Avoidance
On Sunday, the G20 approved a mechanism that will see the automatic exchange of tax information by 2017 – 2018. The deal is particularly important for India, who will be able to use the mechanism to help collect on some of the $US 7 billion it loses from tax avoidance every year.
India Continues Tax Dispute With Cyprus and Mauritius
Negotiations between India and both Cyprus and Mauritius to agree new tax treaties have recently reached another impasse. India is keen to collect on the vast amounts of tax that reside in holding companies on the two island nations, but an agreement looks no closer to being completed.
