Doing Business in India
The government and industry have both been moving towards achieving the goal of providing affordable healthcare services to patients in India. These challenges have been addressed through policy, regulatory and financial reforms along with product and technological innovation. Through the set-up of medical device parks and other initiatives, the government has been providing support to the industry to manufacture quality products in an affordable manner.
Transfer Pricing remains the focal point of all the Multinational Enterprises (MNEs) during the first quarter of the financial year 2016 as many countries are racing to implement the Organisation for Economic Cooperation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) recommendations by way of legislation changes in their taxation laws. The OECD is also working at a swift pace to provide implementation packages and tools and assist countries in implementing the Action Plans.
In keeping with international practices, the Ministry of Corporate Affairs (MCA) has come up with a new scheme for filing an incorporation application with the Registrar of Companies under the Companies Act 2013 called the Simplified Proforma for Incorporating Company Electronically (SPICE).