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Articles In Newspapers & Journals

India notifies pact with US to check tax evasion by MNCs – Nitin Narang

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
THE NEWS FLASH

CBDT invites public comments on the proposal for amendment of rules for profit attribution to permanent establishment

We are pleased to send you a copy of THE NEWSFLASH on CBDT invites public comments on the proposal for amendment of rules for profit attribution to permanent establishment. Hope you will find it useful and informative.
If you wish to unsubscribe our news alerts, send us a blank mail at [email protected] with a subject line “unsubscribe”, we shall remove your email id from our mailing list. NEWSFLASH_ Volume 115
Articles In Newspapers & Journals

I-T dept proposes new norms for taxing MNCs in India – Sandeep Jhunjhunwala

The income tax department Thursday proposed change in the methodology for taxing multinational companies, including digital firms, having permanent establishment in India by giving weightage to factors like domestic sales, employee strength, assets and user base. Sandeep Jhunjhunwala, Director shares his views on aforementioned story for following publications: TOI Indian Express Business Standard- Standalone story Hindu Business Line Bloomberg BNA- Standalone story PTI (PTI news has been picked up by 382 publications including Economic Times, Moneycontrol.com, Business Today, Zee Business, BTVs , Times Now etc.) I-T dept proposes new norms for taxing MNCs in India – Sandeep Jhunjhunwala
Communique - Your Transfer Pricing Tabloid

Communique- Your Transfer Pricing Tabloid

We are pleased to attach herewith quarterly issue of “Communique- Your Transfer Pricing Tabloid”.   During the first quarter of 2019, we witnessed Central Board of Direct Taxes (CBDT) continuing with its efforts to project India as an investment-friendly nation, with Bilateral Competent Authority Arrangement, along with an underlying Inter-Governmental Agreement, for exchange of Country-by-Country Reports (CbCR) between India and the USA to reduced CbCR compliance, and also through its Advance Pricing Program (APA) program with the total count reaching 271 APAs till March 2019.  On the litigation front, recent time has seen a spate of rulings pertaining to marketing intangibles issue that impacts the way forward on this issue. In the global arena, US and China published their APA reports and Australia released its guidance on inbound distribution arrangements. US Internal Revenue Services (IRS) also published statistics on CbCR, and other countries are aligning their transfer pricing (TP) regulations. Accordingly, towards our objective of being your value-added partners, we discuss the above significant events/ happenings in this quarterly issue as has been tabulated below:  
Topic Page No.
CbCRs: Recent Update 2
Vodafone Publishes its CbCR 2
Marketing Intangibles: The Saga Continues 2
Other Rulings in India 4
Indian APA Program Update 6
US IRS APA Report 2018 6
US IRS Publishes Statistics on CbCR 6
China APA Update 6
ATO Guidelines – Inbound Distribution Arrangements 7
Rulings Across the Globe 7
Other News – Around The Globe! 8
Communique- Your Transfer Pricing Tabloid
NA_TP Communique_ Quarterly Issue-1   Hope you will find it useful and informative. If you wish to unsubscribe our news alerts, send us a blank mail at [email protected] with a subject line “unsubscribe”, we shall remove your email id from our mailing list.