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Opportunities for Chartered Accountants in International taxation

The Institute of Chartered Accountants of India. Opportunities for Chartered Accountants in International taxation. EASTERN INDIA REGIONAL COUNCIL. - C.A. T. P. Ostwal. Opportunities for Chartered Accountants in International Taxation.

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Opportunities for Chartered Accountants in International taxation

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  1. The Institute of Chartered Accountants of India Opportunities for Chartered Accountants in International taxation EASTERN INDIA REGIONAL COUNCIL - C.A. T. P. Ostwal T.P.Ostwal & Associates

  2. Opportunities for Chartered Accountants in International Taxation T.P.Ostwal & Associates

  3. Opportunities for Chartered Accountants in International Taxation EMERGING TAX PRACTICE AND EXPERTISE Domestic Tax Experts Domestic International Tax Experts International – International Tax Experts T.P.Ostwal & Associates

  4. T.P.Ostwal & Associates

  5. Opportunities for Chartered Accountants in International Taxation LIST OF TIEA’s • Tax Exchange Information Agreements (TIEA) • Foreign Account Tax Compliance Act (FATCA) - US Regulation • Foreign Income for tax compliance requirements – Inadvertent trigger • Foreign Tax Credit Rules • WHT on payments Nokia case -an eye opener • General-Anti-Avoidance Rules (GAAR) • Direct Tax Code (DTC) • Controlled Foreign Corporation (CFC) • Thin Capitalization Regulation • White Paper on Black Money T.P.Ostwal & Associates

  6. Opportunities for Chartered Accountants in International Taxation 11.Organisation for Economic Co-operation and Development (OECD) • Beneficial Ownership • Safe Harbor Rules • Permanent Establishment Issues T.P.Ostwal & Associates

  7. Opportunities for Chartered Accountants in International Taxation 12. Emerging trend in Indian DTAAs • LOB clause in Dividend Article • Collection of Tax on behalf of other states (countries) • Examination of tax payers on other countries by Tax Inspectors T.P.Ostwal & Associates

  8. Opportunities for Chartered Accountants in International Taxation 13. Electronic Commerce T.P.Ostwal & Associates

  9. Opportunities for Chartered Accountants in International Taxation 14. Cloud Computing T.P.Ostwal & Associates

  10. Opportunities for Chartered Accountants in International Taxation 15. Transfer Pricing Source: White paper on Black Money, Ministry of Finance, May 2012 T.P.Ostwal & Associates

  11. Opportunities for Chartered Accountants in International Taxation Issues and challenges in Transfer Pricing T.P.Ostwal & Associates

  12. T.P.Ostwal & Associates

  13. List of TIEA’s signed by India Argentina (Not yet in force) Bermuda Bahamas Baharain British Virgin Islands Cayman Islands Guernsey Isle of Man Jersey Liberia Liechtenstein Macao Monaco Sint Maarten (Not yet in force) BACK T.P.Ostwal & Associates

  14. THANK YOU T. P. Ostwal & Associates CHARTERED ACCOUNTANTS 4th Floor, Bharat House, 104 Mumbai Samachar Marg, fort, MUMBAI-400001. Tel No.: +91-22-40693900 Fax No.: +91-22-40693999 Mobile:+919004660107 Email: fca@vsnl.com T.P.Ostwal & Associates

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