Recent Change in Withholding Tax Rate - Impact on Foreign Companies!
- Year of Publication: 2023
- ISBN: 0
Episode Duration:
75 minutes
Episode Background:
As you are aware, last week, the Central Government notified the Finance Act, 2023 post assent of the Hon'ble President. One of the critical amendments is on increase of withholding tax rate from 10% (plus applicable surcharge and cess) to 20% (plus applicable surcharge and cess) in respect of payments to non-residents on account of Royalty and Fees For Technical Services. This amendment would have a far-reaching impact on Foreign Companies doing business in India.
What shall the episode cover?
Taxsutra in association with Nexdigm is delighted to present to you an episode on “Impact on Foreign Companies vis-a-vis Recent Change in Withholding Tax Rate”. In this episode, Mr. Maulik Doshi (Deputy Managing Director - Global Transfer Pricing and International Tax, Nexdigm) & Mr. Nishit Parikh (Practicing Chartered Accountant) have given an
- Overview of recent changes on submission of Form 10F and recent budget amendment
- Discuss the impact of the change and possible challenges for Non-Residents as well as Indian Payers
- Tax Return and Transfer Pricing Compliance obligations on Non-Residents
- Practical issues for Indian Payer on Form 10F especially in tax protected contracts
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
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- Year of Publication: 2023
- ISBN: 0
Episode Duration:
75 minutes
Episode Background:
As you are aware, last week, the Central Government notified the Finance Act, 2023 post assent of the Hon'ble President. One of the critical amendments is on increase of withholding tax rate from 10% (plus applicable surcharge and cess) to 20% (plus applicable surcharge and cess) in respect of payments to non-residents on account of Royalty and Fees For Technical Services. This amendment would have a far-reaching impact on Foreign Companies doing business in India.
What shall the episode cover?
Taxsutra in association with Nexdigm is delighted to present to you an episode on “Impact on Foreign Companies vis-a-vis Recent Change in Withholding Tax Rate”. In this episode, Mr. Maulik Doshi (Deputy Managing Director - Global Transfer Pricing and International Tax, Nexdigm) & Mr. Nishit Parikh (Practicing Chartered Accountant) have given an
- Overview of recent changes on submission of Form 10F and recent budget amendment
- Discuss the impact of the change and possible challenges for Non-Residents as well as Indian Payers
- Tax Return and Transfer Pricing Compliance obligations on Non-Residents
- Practical issues for Indian Payer on Form 10F especially in tax protected contracts
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
