Doing Business in India
In this issue, we discuss transfer pricing issues that could arise from the different types of restructuring that multinational enterprises may undertake. We also highlight early signs of wide acceptance of the OECD’s BEPS recommendations on the global front and briefly talk about the developments on Mutual Agreement Procedures, Advance Pricing Agreements and the policy framework in India.
In many circumstances, efforts by regulators towards anti-corruption are noticed to be against the interest of business. Regulators across the globe are attempting to define the ethical conduct expected by corporations, providing adequate practical approaches towards ensuring compliance. Furthermore, regulators express their expectations from corporations from time to time, on the adoption of compliance in spirit than just words represented in the regulation.
The Central Board of Excise and Customs (CBEC) on 12 November 2015 clarified some crucial points regarding the applicability of the Swachh Bharat Cess (SBC) by addressing some frequently asked questions. SBC would be applicable from 15 November 2015 at the rate of 0.5% on all taxable services with some exceptions.