Other Briefings
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.
India Makes Progress on GST Implementation
India moved closer towards implementing a Goods and Services Tax with the conclusion of the latest meeting by the Empowered Committee of State Finance Ministers this Wednesday.
Tax, Accounting, and Audit in India 2014-2015
Tax, Accounting, and Audit in India 2014-2015, which is out now and available for download in the Asia Briefing Bookstore, offers a comprehensive overview of the major taxes foreign investors are likely to encounter when establishing or operating a business in India as well as other tax-relevant obligations.
India to Delay Decision on GAAR Implementation
India’s implementation of the General Anti-Avoidance Rules will be delayed until next year, according to Revenue Secretary Shaktikanta Das.
India to Implement FATCA
The Reserve Bank of India and the Securities and Exchange Board have announced India’s timeline for full Foreign Account Tax Compliance Act (FATCA) implementation.
India’s Tax Administration Reform Commission (TARC) Releases First Report
India’s Tax Administration Reform Commission (TARC) has submitted its first report suggesting a variety of changes to India’s tax administration framework. Constituted in August 2013, the TARC is charged with identifying key areas for improvement in India’s tax system.
India Reviewing Cyprus Tax Treaty to Reduce Withholding Tax Issues
India may soon revise its DTAA with Cyprus and restore a 10 percent withholding tax rate in light of recent progress in tax information sharing.
