With a reform minded, majority government in
place for the first time in 25 years, resurgent trade
flows, and improved bilateral relations, India is
now perfectly positioned to start making waves
in international investment. For too long now
in the shadow of China,
India’s young and affordable
workforce are part of the
underlying fundamentals
that should project the
nation forward over the
next decade.
A large part of the new
government’s reforms are
aimed squarely at the tax
regime, with a set target of
reducing the profitability
burden and spreading tax
revenues over a wider base. Importantly, India has
been busy negotiating awide range of international
free trade and double tax agreements.
While the way in which India structures these
agreements can initially appear confusing, a more
business-friendly desire from government will
help the benefits trickle down into the Indian
tax and customs administrations. Nevertheless,
these agreements need to
be understood, contents
analyzed for applicability, and
actions taken to ensure fiscal
improvements to foreign
investment business models.
In this issue of India Briefing
magazine, we take a look at
the bilateral and multilateral
trade agreements that India
currently has in place and
highlight the deals that are
still in negotiation.We analyze
the country’s double tax agreements, and conclude
by discussing how foreign businesses can establish
a presence in Singapore to access both the Indian
and ASEAN markets.
This Month’s Cover Art
Untitled by S R Bhusan
Oil on canvas, 86.9 x 55.9 cm
Delhi Art Gallery
info@delhiartgallery.com|
+91 11 4600 5300
www.delhiartgallery.comReference
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Introduction
Chris Devonshire-Ellis Founding Partner Dezan Shira & AssociatesKind regards,
Chris Devonshire-Ellis
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