With online incorporations and filings, incorporating a business is becoming easier and easier. Conversely, with the constantly changing dividend rules coming into effect, the gap between limited companies and sole traders/ partnership is closing significantly. Due to these changes, whether or not small businesses or partnerships should trade via a limited company is a question […]
In this era of globalisation, an individual’s earnings is often from across the border. He can be a resident of one country, but earning income from other countries in a particular financial year. Such a situation is an indicator of progress and increased opportunities for an individual. However, at the same time issues and complexities […]
The third protocol amending the existing India-Singapore Double Taxation Avoidance Agreement (DTAA) entered into force on Monday, Singapore’s tax authorities have said. This would mean that the provisions provided in the third protocol — signed in December 2016 — have become law in the island country. Singapore was the largest foreign direct investor into India […]
Supreme Court in case of Vodafone India held that gains arising to a foreign company from transfer of shares of a foreign holding company, which indirectly held equity interest in an Indian operating company would not be taxable in India. Pursuant to the Vodafone ruling, indirect transfer provisions were introduced vide the Finance Act, 2012 by amending section 9(1)(i) of […]
Since the Indian Budget Is the biggest financial & legal event of India (happens once a year) I am enclosing our publication on the same. This could be a good read for all our members especially those who do have India as a jurisdiction in mind. Thanks Best Regards, Suraj Nangia | Partner […]
REAL estate sector is one of the biggest employment generating sectors in India and accounts for a large portion of employment in the unorganised sector. However, in the past 12 to 18 months, the sector is experiencing significant hardship due to slowdown in demand. The recent demonetisation drive by the government is expected to have […]
Seeking to assuage investor concerns ahead of the implementation of GAAR from April 1 this year, the Central Board of Direct Taxes (CBDT) on Friday said the provisions of tax avoidance rules will not apply to a transaction that does not carry a tax benefit based on the jurisdiction it is routed through. It said […]
The fine print of the third protocol amending the India-Singapore double taxation avoidance agreement (DTAA) is finally out. A significant fallout is that Mauritius may now emerge as preferred jurisdiction for routing investments into Indian debt instruments compared with Cyprus and Singapore. This is because no changes have been brought in the latest Singapore Protocol […]
If anyone had suggested back in 2013, that India could rework its tax treaties with Mauritius, Cyprus and Singapore, giving it the right to tax capital gains – all in a span of three years – the idea would have been met with derision. Yet, India has managed to do just that, and nobody seems […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Dr. Stefan Drawetz of Grazer Treuhand Steuerberatung GmbH & Partner KG. Stefan has joined IR as our exclusive Tax (Accountants) & Tax (Law) Member in Austria. Grazer Treuhand was founded in 2003 by six renowned and independent tax consulting agencies joining forces. Currently […]
1. Thin Capitalization Rules Issue: A Canadian company capitalized by non-residents cannot exceed a 1.5:1 interest bearing debt to equity ratio in order to obtain an interest deduction and avoid punitive Canadian tax consequences.Planning: Attention must be given to complying with the interest bearing debt to equity ratio. Consideration should be given to converting debt into equity or making the debt non-interest bearing. 2. Back […]
The Autumn Statement 2016 Summary View this email in your browser The Autumn Statement 2016 The Last Autumn Statement (until it becomes the Autumn budget!) Wednesday 23rd November Having looked back at our thoughts on the same statement last year, we were looking at a statement delivered by George Osborne with a view to […]
