As multinationals across the world look to invest or establish themselves in India and begin to transact more actively, it is important that India’s tax and regulatory policies are well understood for enhancing growth and success opportunities. Similarly, the Indian home grown business houses interested in or aiming to go global or get listed on the overseas bourses need to understand and stride through an interplay of cross-border taxes and regulations. Navigating the corporate tax and regulatory framework for carrying on any activity, along with domain industry knowledge, is now an integral part of doing business in
India or overseas.
Since the last few years, the emphasis laid down by the Indian revenue authorities is towards expansion of the tax base through digitization and e-governance. Further, there could be situations of tax uncertainty and litigation which might result in tax demands. Accordingly, it has become crucial to understand the potential impact of new developments in the tax and regulatory spheres and consequently prepare for the challenges.
TAMSPL's International Tax and Regulatory Services (ITR) team comprises of dedicated tax professionals with in-depth technical knowledge and practical experience, who the client can trust in relation to corporate tax and regulatory matters. The team provides advise on various tax matters and helps clients manage the complexities of multiple tax systems and cross-border challenges.
The tax and regulatory framework is fast-changing in India and globally, adding further complexities to the already complex and uncertain tax environment. The following recent developments require corporate houses to gear up their existing business models and operate under a more complex and globally aligned tax regime: