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Nexia Global Insight July 2016

India and Mauritius sign landmark protocol to amend long-standing tax treaty
Mauritius has been a popular jurisdiction for foreign investors investing into India and accounts for almost 35% of foreign direct investment into India. The primary reason for this was the double non-taxation of capital gains income for investments in India routed through Mauritius due to the tax treaty between the two countries signed in 1982. In this article, we discuss how the renegotiated treaty aims to curb tax avoidance and tax evasion on income and capital gains.

SKP Investment Chronicle

January - March 2016

Corporate Compliance Insights

Emerging challenges affecting independent directors
Independent directors are directors of incorporated companies who do not have a monetary or material pecuniary relationship with the company. The role of independent directors has evolved with changing regulations to being a sounding board for compliance and a governance watchdog. Amidst debates of whether independent directors are truly independent, it is essential to look at their responsibilities and what is expected from them in the current environment. In this article, we discuss the emerging challenges affecting independent directors.

Nexia Global Insight April 2016

Make in India campaign boosts FDI inflows
A year and a half since its launch, the Make in India campaign has led to some important policy reforms and process improvements, encouraging FDI into the country. In this article, we discuss the Make in India campaign and how doing business in India is changing.

Employee Stock Option Plans – Taxation aspects that employers must consider

Taxability of ESOPs is not as straightforward as the taxability of other components of an employee's salary. For globally mobile employees, the complications are manifold depending on the features of the ESOP and the taxation laws of various countries. Tax authorities are also becoming increasingly vigilant about tax leakages due to non-reporting by employers. In this article, we discuss the basics of ESOP taxation and the different aspects that employers must consider. 

Investment opportunities for NRIs in India

The Indian economy has shown remarkable growth over the past two decades and is now considered a stable economy while maintaining its strong growth prospects. This has changed the outlook of foreign investors towards India, who now prefer investing in Indian markets over other developing economies. The government is also taking multiple steps to identify and implement changes for encouraging foreign investments in India. In this article, we discuss the popular investment avenues available to NRIs in India.

Tax laws and regulations applicable to NRIs an overview

With a stable new government in power, India is progressing rapidly with a special focus on building stronger economic ties with developed and developing economies. The International Monetary Fund even stated that India is among the few bright spots in the global economy. The contribution of Non-Resident Indians (NRIs) towards India’s development process has been significant. The economic connection of NRIs with India has led to a host of reporting and other compliance obligations in addition to adhering to tax laws in at least two countries. In this article, we provide an overview of the current tax laws and regulations applicable to NRIs.

SKP Investment Chronicle 2015

Over the past decade, strategic and financial investments in India have been growing steadily. We have seen a consistent performance of deals throughout 2015 as compared to 2014, which was volatile amongst quarters. India has witnessed higher equity investments which surpassed previous levels and increased volumes of mergers and acquisitions. In 2016, we expect deal-making to accelerate with changes in the country's regulatory framework such as the Strategic Debt Restructuring scheme, the proposed Insolvency and Bankruptcy Code, liberalised FDI thresholds, relaxed sectoral reforms and the much-awaited Goods and Services Tax.

In this report, we analyse the deal-making landscape keeping in mind the deal type, domestic and cross-border regions looking at greater investments, and hot and emerging sectors. The report also includes SKP’s insights on recent developments that may impact transactions going forward.

Financier Worldwide - March 2016

India’s New Year resolution: welcoming investments and de-cluttering taxation
While global economic growth remains sluggish, India has been witnessing impressive growth backed by strong domestic demand, ongoing policy reforms and low oil prices. According to the World Bank’s latest India Development Update, India has become the world’s fastest growing large economy. It expects growth to accelerate to 7.5% in 2015-16, followed by a further acceleration over the next two years. In this article, we look at the measures that India has recently introduced to improve foreign direct investment into the country and look at what the upcoming Goods and Services Tax will mean for overseas businesses operating in India.

Breakbulk Magazine Issue 1 - 2016

Not-so-free flow: Politics stall India's common tax bill
It was vaunted as an administrative measure that would promote exports, create jobs, boost growth, and save India USD 15 billion every year. But the country’s proposed Goods and Services Tax, or GST, has suffered a major setback. In this article, we discuss the impact of GST on logistics and cargo movement in India and how an integrated market under GST would be beneficial.