The Ministry of Finance in India announced that the Central Board of Direct Taxes (CBDT) has established a task force to review the Income Tax Act (1961) and a new Direct Tax Law is expected to be drafted. In order to have the draft fit the current and practical economic needs of the country, the CBDT is aware of the importance of taking suggestions and feedback from stakeholders and general public into consultation and is issuing a questionnaire for public views.
The consultation is divided into five sections to assess and improve the tax compliance situation of current system:
defaults under the Income-tax Act (1961) are consulted.
Other suggestions on the new draft or current system are also welcomed.
All feedbacks are expected to be sent online to firstname.lastname@example.org by April 2, 2018.
With the fast growth of China’s economy and the continuous improvement of the comprehensive strength of domestic enterprises, as well as the implementation of the “One Belt, One Road” policy, an increasing amount of Chinese enterprises are beginning to expand their global footprint and establish their presence in Europe.
TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):