Other Briefings
IT Sector in India Shocked by US$1.55 Billion in Tax Notices
India’s federal tax body has sent tax notices to more than 200 companies in the IT sector claiming for return of export benefits enjoyed by such firms over the last 5 years plus service tax and fines. Here we briefly discuss the main contention.
India Implements WTO’s TFA – Boost to Trade Linkages, Ease of Doing Business
India has released a 76 point National Trade Facilitation Action Plan (NTFAP), under the WTO’s Trade Facilitation Agreement (TFA). This article discusses how the TFA will ease doing business in India, reduce trading costs, and boost exports and imports.
Bankruptcy Code Amendments, Logistics Gets Infrastructure Status – India Regulatory Brief
In this week’s Regulatory Brief, we cover the latest amendments to the Insolvency and Bankruptcy Code, which will be implemented by government ordinance; the shocking tax bill issued to IT/ITeS companies; and infrastructure status awarded to the logistics sector.
Italian Investment into India
In the 2015 financial year, Italian companies invested US$334.7 million into India. In this article, we explain how India’s tier II cities are attracting Italian manufacturers, and highlight the active role Italy can play in India’s “Smart Cities” initiative.
The GST in India: Tax Rates Slashed, Some Compliance Relaxed
Last week, the GST Council announced several revisions to the indirect tax regime, making it more business-friendly. In this article, we highlight the most significant changes announced.
Demonetization in India: Masterstroke or Gross Miscalculation?
Last year, India’s federal government led by Prime Minister Narendra Modi announced the demonetization of high value currency. Here we take stock of the policy’s genesis and its major outcomes.
Bankruptcy Rescue Rules Tightened, RBI Mandates Unique Code for Large Borrowers – India Regulatory Brief
Insolvency board enforces stringent tests for reviving defaulting companies The Insolvency and Bankruptcy Board of India (IBBI) has amended its rules governing lenders who invest in bankrupt companies. Promoters or any party proposing a rescue plan for a sinking company will be subject to strict tests of creditworthiness and credibility. The rescue plan must provide […]
Italy, India Trade Relations
Improving diplomatic ties between Italy and India are giving rise to new economic opportunities for Italian businesses. In this article we breakdown bilateral trade between Italy and India and explain why India’s improving business climate is attracting an increasing amount of interest from Italian firms.
