Civil Law

From PE Confusion to Clarity: NITI Aayog’s Push to Reform Profit Attribution Rules

From PE Confusion to Clarity: NITI Aayog’s Push to Reform Profit Attribution Rules

Summary: India’s tax framework has long posed challenges for foreign investors, particularly around PE and profit attribution rules. NITI Aayog’s working paper proposes a presumptive taxation scheme to simplify compliance and reduce litigation with respect to profit attribution. Through introducing sector-specific profit percentages to turnover, the working paper intends to offer clarity and ease administrative burdens. Its success, however, will hinge on setting realistic rates that are pragmatic and practicable and can balance revenue protection with investor appeal.

Background

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Civil Law

Unpacking Basis Period Reform: What does it mean for LLPs, Partnerships and individual partners? – Ten(-ish) Minute Talk

We are delighted to welcome Alex Conway, tax partner at Crowe, as a guest speaker for this discussion on Basis Period Reform changes.

In this discussion, Alex along with Partners Corinne Staves and Zulon Begum, demystify the basis period reform changes and outline the practical implications for partners and firms. In this wide-ranging discussion, they explore:

  • The increased cash pressures on partners and firms and ways to address these changes;
  • How working practices will need to change to
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