SME Listing in India
Small and Medium Enterprises (SMEs) are a crucial part of India’s economy and contribute significantly to employment generation and GDP growth. The listing of SMEs on stock exchanges can provide them with access to capital and greater visibility, allowing them to expand their business operations and become more competitive. Eligibility criteria for SME listing Small […]
Scheme For Remission Of Duties And Taxes On Exported Products
Under RoDTEP Scheme, a rebate would be granted to eligible exporters on export of items which are categorized under the notified 8-digit HS Code (APPENDIX 4 R – Notified on 17.08.2021 under Notification No 19/2015-20). EligibilityAll Manufacturer exporters and merchant exporters are eligible to claim the benefit under this scheme. ObjectiveThe Objective of this scheme […]
Introduction to Multilateral Instrument
A Report says that Starbucks, Google, Facebook, and Amazon paid less than 1% of their revenue as corporate tax in UK during 2012. Have you ever wondered how these well-established companies were reporting less or no profits in their taxable territory? These MNCs had arranged their corporate structures to erode the tax base of a […]
External Commercial Borrowings & Convertible Notes
Prepared by Khusbu M Kinger External Commercial Borrowings ECB Routes1 Automatic Route Approval Route No approval required from RBI -ECB up to USD 750 million or equivalent per financial year irrespective of the category of borrower under automatic route Prior application to the RBI through the AD Bank (Form ECB) Enter into Loan Agreement with Overseas […]
Most Favored Nation
Understanding the Most-Favored Nation (MFN) Clause in International Trade International trade agreements are an essential aspect of modern global economics. These agreements regulate the flow of goods and services between countries, setting out the rules and guidelines that govern the trade relationship. One critical component of many trade agreements is the Most-Favored Nation (MFN) clause. This […]
India Forex Transaction Compliances
India Forex Transaction Compliances – The Foreign Exchange Management Act (FEMA) is an Indian law to regulate foreign exchange transactions and promote the orderly development and maintenance of the foreign exchange market in India. Compliance with FEMA is essential for any company dealing in foreign exchange transactions in India to avoid severe penalties and fines. […]
UAE Corporate Tax
The Federal UAE Corporate Tax Law, which will be applicable throughout all of the Emirates and to all corporate and commercial activities, will go into effect for the fiscal years beginning on or after 1 June 2023. The UAE has implemented a series of tax reforms in the past few years to streamline its tax […]
Royalty and Transfer Pricing
Intercompany Royalty Royalty is a consideration received by the owner of an intangible right or knowhow under license in any technology transfer. Such intangibles may be of two types which are trade intangible and marketing intangibles. Trade intangibles include patents, knowhow, designs and models used for production of goods and services and computer software. Marketing […]
Recent changes in Withholding Tax Rate
Prepared by Baskar P & Sanjay Kumar S FTS & Royalty rates under Section115A have been increased from 10% to 20% with effect from 1st April 2023. Tax rates applicable on various Payment to Non-Residents (NR): Nature of payments On or before 31st March 2023 From 1st April 2023 Tax Treaty Rates Dividend 20% 20% 5% to 20% Royalty […]
Profit Repatriation Strategies
Profit repatriation refers to the process of transferring profits earned in a foreign country back to the company’s home country. Some common profit repatriation strategies used by companies are: Key issues that companies need to consider Increased focus on tax efficiency: In recent years, there has been an increased focus on tax efficiency, and companies are […]
