Verdict expected to bring tax clarity to MNCs operating under the Limited-Risk Distributor model across OTT, fashion, electronics and SaaS sectors
Against the backdrop of the introduction of a new tax bill, the Union Budget 2025 brings a series of tax amendments. While some changes benefit startups and foreign investors, others could make mergers and restructurings less tax-friendly.
Additionally, the finance minister expanded the scope of safe harbour rules to reduce litigation and provide certainty in international taxation.
Of the pending demands, Rs 3,500 crore will be waived, as per the Budget announcement on Feb 1, 2024.
External Affairs Minister Salman Khurshid met Secretary of State John Kerry yesterday and "discussed a range of issues of mutual interest, including "ongoing discussions on the civil-nuke deal."
Transfer Pricing: Un-Safe Harbour?