The Indian government on April 18 launched a key public consultation into proposed changes to the tax rules on attribution of profits to permanent establishments (PEs) in India.
The consultation will be based on an 86-page report prepared by a committee tasked by the government to examine the issue. The proposals are bound to be controversial because they recommend a departure from the OECD’s functions, assets, and risk standard for profit attribution, finding them harmful to developing countries like India. Comments are due in 30 days.
MNE Tax will be publishing an in-depth report on this development shortly.
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