India budget update: top points for multinationals

By Dharmesh Pandya

In an effort to jump-start a weak economy, the Indian government’s Union Budget adopts several new measures while taking a balanced approach.

These are the government’s key areas of focus: reduce tax litigation and the transfer pricing challenges affecting foreign multinationals by introducing roll-back provisions via advance pricing arrangements; boost infrastructure investment; introduce a tax framework for REITS and infrastructure funds; and create a roadmap for implementation of the goods and services tax.

Below are the key tax changes that may affect foreign multinationals with operations in India…

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