In the world of virtual assets, the legislative sphere can often be complicated and ever-changing. For crypto financiers looking to expand their functions, apprehending local legislations is paramount. This region, with its strong monetary sector and business-friendly environment, has become a promising place for tokenized ventures, suggesting a strategic hub for commercials searching for a…
With the expanding popularity of e-cryptocurrencies, this direction has become one of the prime locations for establishing fund vehicles. Digital holdings are maturing into a crucial part of both conventional and specialised portfolios. In 2021, one-third of conventional fund vehicles ventured in digital holdings, and two-thirds planned to amplify their ventures in 2022. Notably, this…
This type of licence is increasingly relevant as this region becomes a hub for e-currency operations. To obtain VASP licence in Argentina is essential for operating legally within Argentina’s growing crypto market, offering multiple benefits from regulatory support to potential tax incentives. Advantages of VASP Licence Demands for receiving this type of licence The submission…
The Swiss Financial Market Supervisory Authority (FINMA) is the cornerstone of economic regulation in Switzerland, a country known globally for its robust economic services sector. As an independent establishment, FINMA plays a critical role in maintaining the integrity, stability, and reputation of Switzerland’s economic markets. This article delves into the history, structure, functions, and significance…
An established and fully operational group specializing in the forex brokerage industry is now available for acquisition. This group includes multiple entities with financial licenses, a comprehensive online presence, and a complete infrastructure supporting marketing, sales, and customer service. The structure offers investors a turnkey solution with an extensive global reach. Key Details of Forex…
The Ready-Made company with AISP License holds an EU AISP (Account Information Service Provider) license issued by the Danish Financial Supervisory Authority, enabling it to provide account information services across the EU. EU Passporting: The license allows for passporting to all EU member states, providing extensive opportunities for expansion across Europe. Bank Account: The Company…
Overview EMI License in Georgia This company, licensed by the National Bank of Georgia since 2015, is a well-established provider in Georgia’s financial services market, known for a broad range of innovative payment solutions and extensive reach across the country. Key Services E-Money Issuing: Reliable electronic money issuance services. Multi-Currency E-Wallet & Account: Efficient fund…
Key Details of this Lithuanian VASP: Licensed VASP: Established in 2021 with full authorization from FNTT. Banking Setup: Active PSP account with a Lithuanian EMI for smooth operations, and a local bank account for tax and salary payments. Financial Stability: No loans or debts, in good standing, compliant with AML/KYC regulations. Legal and Operational Support:…
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National Currency: Indian Rupee (INR).
A company is considered a resident of India if any part of its management is carried out in India.
You should pay taxes on income within and beyond India if your company is resident one. Only Indian source income is subject to the taxable funds of foreign company.
It also includes profits from the transfer of company or its part (share) if its value is based on assets within the country. Income from a foreign source received by a resident company is subject to corporate tax in the same way as income earned in India.
Foreign companies meet differences in taxation, in comparison to local companies, but their taxation is the same as permanent establishments’.
Profits of the company are subject to the corporate income tax. This also includes profits resulting from the transfer of assets based in India, even if it’s indirect. Standard operational expenses, as well as other expenses, can be exempted from income.
For local companies, the standard tax rate is 30%, and for non-resident companies and their branches – 40%. Including additional income taxes, the highest possible rate is 34.944% for locals and 43.68% for foreigners.
The Minimum Alternative Tax (MAT) is charged at a rate of 18.5% on the adjusted carrying profit of a company whose tax liabilities amount to less than 18.5% of their carried profit.
MAT does not apply to certain income of foreign companies, including capital gains on operations with securities, interest, royalties and payments for technical services.
In India, previously there was a whole system of taxes for production and sale of goods and provision of services. Due to their complexity they were replaced by the Goods and services tax (GST).
The GST offers five different categories with different rates: 0%, 5%, 12%, 18% and 28%. The legislation does not provide a standard rate, but for most services it is 18%. Some types enjoy of goods small rates, especially precious metals and stones.
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The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.