Amendments to IAS 12: Temporary Relief for Accounting Deferred Taxes under OECD Pillar Two Rules
Recent amendments to IAS 12 offer temporary relief to MNEs from the accounting requirements for deferred taxes arising from the implementation of the OECD’s Pillar Two. Companies can immediately benefit from the temporary exception, while specific disclosures to investors are required for annual reporting periods starting on or after January 1, 2023.
India-Vietnam Trade: How West Bengal Plays a Key Role
We discuss how India-Vietnam trade can be boosted by capitalizing on West Bengal’s advantageous position, connectivity, and industries.
India Increases Tax Exemption Limit on Leave Encashment for Private Sector Employees
India has increased the tax exemption limit on leave encashment for employees in non-government sectors to INR 2.5 million. It will retrospectively apply from April 1, 2023.
India FDI Inflow in FY 2023: Latest Data Analysis on Investment Landscape
In this article, we explore the latest FDI trends in India, focusing on the top states and sectors that received the highest FDI in FY 2023.
India-Iran Multilateral Trade Dynamics and Future Outlook
Iran and India are exploring increased economic integration, focusing on the strategic Chabahar port as a gateway to Central Asia and Europe. Enhanced cooperation through infrastructure projects and energy partnerships holds great promise.
India-Australia Forge Stronger Bonds: Migration and Mobility Pact Strengthens Ties
The India-Australia migration and mobility pact intends to encourage the exchange of students, graduates, researchers, and businesspeople.
What You Need to Know About Conducting Due Diligence in India: Q&A
We discuss the due diligence priorities for foreign firms seeking to do business in India and how to identify and prepare against any possible risk exposure.
Dubai Emerges as India’s Top Choice for Foreign Direct Investment
India accounted for 12 percent of the total projects announced and four percent of the FDI received by Dubai in 2022.