SKP Business Consulting LLP | Business Set-up, Transaction Support, Finance and Accounting Outsourcing, Regulatory Compliance, Tax Advisory, Transfer Pricing, Assurance, Corporate Services

Latest Thinking

Global Expansion Update

We are pleased to present the September issue of SKP Global Updates – our newsletter that covers employment, payroll, Goods and Services Tax (GST)/Value Added Tax (VAT) and Corporate Tax related developments globally. The key highlights of this issue include, Minimum and Maximum National Pensions Fund (NPF) and National Savings Fund (NSF) Contribution – Notice to Employers in Mauritius, New Increase in Retirements, Pensions, and allowances in Argentina, New Compliance - Payday filing in New Zealand and Postgraduate loans in UK. It is confirmed that the rise in VAT rate has been abandoned, and has been restructured to 12.5%...

GST Trends - August 2018

GST Council held its 29th meeting on 4 August 2018 with a primary focus on addressing concerns of the Micro, Small & Medium Enterprises (MSME) sector. The month of August also witnessed the debate on various issues relating to GST reaching the floor of the Parliament with the Lok Sabha debating and subsequently passing the GST amendment bills. The 29th Council meeting was held on 4 August 2018 in New Delhi. Key decisions taken during the meeting are: Incentives on digital payments in the form of 20% cash back of GST component to be introduced on Business to Consumer (B2C) transactions. Ministerial panel has been set up to look into the issues being faced by the MSME sector due to the implementation of GST...

Updates

Microsoft India (R&D) Pvt Ltd vs DCIT Functional characterization is first step in comparability

Facts of the Taxpayer The taxpayer, resident in India, is a wholly owned subsidiary of Microsoft Ireland Research Ltd with the ultimate parent company, Microsoft Corporation USA (MS USA). The taxpayer is mainly engaged in rendering software development services and information technology enabled services (together referred to as ‘international transactions’) to its Associated Enterprise (AE) viz MS USA. The taxpayer was remunerated on a cost-plus 15% for both...

ABOUT

Who We Are Awards The Team

SERVICES

Business Advisory Transaction Advisory Taxation Governance, Risk And Compliance Business Process Management Corporate Services Case Studies

INSIGHTS

Webinars Tax Alerts Business Alerts Other Alerts GCC VAT Alerts Updates Publications

CAREERS

Current Opportunities Upload Your Resume People And Culture

Home Contact Enquiry Sitemap Disclaimer Privacy policy Ad and cookie policy

SKP Business Consulting LLP is a member firm of the “Nexia International” network. Nexia International Limited does not deliver services in its own name or otherwise. Nexia International Limited and the member firms of the Nexia International network (including those members which trade under a name which includes the word NEXIA) are not part of a worldwide partnership. Nexia International Limited does not accept any responsibility for the commission of any act, or omission to act by, or the liabilities of, any of its members. Each member firm within the Nexia International network is a separate legal entity.

About SKP

People and Culture

Case Studies

Insights

Latest Thinking

Global Expansion Update

GST Trends - August 2018

Updates

Microsoft India (R&D) Pvt Ltd vs DCIT Functional characterization is first step in comparability

Please enter your contact details to receive a link to download the publication.