Nishith Desai Associates attorneys, Meyyappan Nagappan and Anandapadmanabhan Unnikrishnan, discuss the Indian government July 13 request for public feedback to aid in the development of a “significant economic presence” test, which is a nexus rule designed to expand India’s taxation rights over business profits of both digital and non-digital multinational firms . . .
Mohit Agarwal, a Tax Director at PwC India, discusses important guidance issued by the Indian government on June 22 relating to computation of tax liability, applicable tax rates, and related compliance once a foreign company’s ‘place of effective management’ (PoEM), and thus the company’s tax residence, is determined to be in India . . .