Aimed at providing relief to subsidiaries of US multinationals and ensuring a check on cross-border tax evasion, India has notified the inter-governmental agreement with the United States for exchange of country-by-country (CbC) reports filed by multinational enterprises (MNEs) regarding income allocation and payment of taxes. Nitin Narang, Partner- Transfer Pricing shares his views on aforementioned story for PTI- Standalone story. (This news has been picked up by 310 other news publications including Economic Times, Business Standard, Indian Express, Business Today etc.) india-notifies-pact-with-us-to-check-tax-evasion-by-mncs-nitin-narang

Indian arms of US MNCs will not have to file country by country or CbC report here. India has finalized bilateral competent authority arrangement for exchange of CbC reports with US. These companies would have had to file these here with Indian revenue authorities by March 31, 2019 in absence of such an agreement. Nitin Narang, Partner- Transfer Pricing shares his views on aforementioned story for following publications: Economic Times- Standalone story Financial Express- Standalone story  

Multinationals looking to stay out of India’s widening tax net may have a new tool: A recent ruling that quashed authorities’ attempts to tax income from a company based outside India. India Physical Presence Tax Ruling Is Boon to Foreign Companies Nitin Narang, Partner- Transfer Pricing in an conversation with Bloomberg BNA- US sharing his views on recent Mumbai’s Income tax tribunal judgment on Fox International Channel.

The Modi-government will present the interim Budget 2019, which would be the last one in their present tenure. Even though its focus has been on digitization, ease of doing business in India and substantial reformative measures, this year we can expect more clarifications and rationalisation of the existing provisions rather than major reforms. Nitin Narang, Partner and Tarini Nijara, Director – Transfer Pricing contributed an article on The expectations continue… Transfer Pricing and 2019 Union Budget for ET CFO.