July 1 to July 15 2019
Clarification regarding taxability of income earned by a non-resident investor from off-shore investments routed through an Alternate Investment Fund
As section 115UB(1) of the Income tax Act 1961 (Act) provides that the investments made by Category I or Category II AIFs are deemed to have been made by the investor directly, government of India has now clarified that any income in the hands of the non-resident investor from off-shore investments routed through the Category I or Category II AIF, being a deemed direct investment outside India by the non-resident investor is not taxable in India under section 5(2) of the Act.
It is further clarified that loss arising from the off-shore investment relating to non-resident investor, being an exempt loss, shall not be allowed to be set-off or carried-forward and set off against the income of the Category I or Category II AIF.
Companies (Significant Beneficial Owners) 2nd Amendment Rues, 2019
Ministry of Corporate Affairs (MCA) has amended Companies (Significant Beneficial Owners) Rules, 2018 to substitute new format of Form BEN-2.
Webinar: Tax considerations for M&A deals: A conversation with the experts
24 October 2019
Scott Kraemer and Jon Lamphier discuss tax considerations of mergers and acquisitions. Join us as our experts talk about what you need to know to properly vet a deal, from inspecting an…
UAE removed from EU substance blacklist and latest changes to the EU List of “non-cooperative” taxation jurisdictions
18 October 2019
Webinar: Expanding into Canada
17 October 2019
Vistra Strengthens Executive Leadership Team with Two New Appointments
15 October 2019
Caroline Baker talks to Ignites Asia about retail alternatives funds trends in Singapore
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Jonathon Clifton and Sherrie Dai publishes opinion piece in South China Morning Post
14 October 2019