Measures in the recent Union Budget are aligned with the OECD's Base Erosion & Profit Shifting Project (BEPS) and are evolving the country's rules on taxing the digital economy, permanent establishment and CbCR. Pankaj Dave, senior partner at BMC Support & Accounting Services, explains.
The proposals in the Budget indicate India's continued intention to implement the BEPS actions/recommendations over time. The latest proposals demonstrate, for example, India's intention to develop a feasible structure for bringing digital entities within the country's tax bracket. This will apply to entities that sell to Indian consumers but don't necessarily have a significant physical presence within India's territory. Read the full article at https://www.alliottgroup.net/practice-management-resources-for-owner-managed-firms/beps-india-implementation-progress-budget-2018/
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