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India's tax landscape is poised to enter its next phase of reform with a strong focus on achieving "multilateral certainties", said Raman Chopra, Principal Commissioner of Income Tax, while speaking at the International Tax Summit in New Delhi. Chopra highlighted that India's recent tax reforms hav
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FAQ :
India's primary focus in its current tax reforms is achieving "multilateral tax certainties" and simplifying compliance for taxpayers.
Recent tax reforms have strengthened investor confidence and reduced uncertainty, positioning India as a predictable and attractive tax jurisdiction.
India is actively participating in ongoing OECD discussions on Pillars 1 and 2, which address issues like Base Erosion and Profit Shifting (BEPS) and taxing the digital economy.
The February 2025 Budget provided unprecedented relief to taxpayers, particularly the middle class, by significantly increasing the exemption limit, which is expected to fuel the economy.
India is broadening its taxpayer base through data-driven compliance mechanisms, third-party information sharing, and a non-intrusive, voluntary compliance approach.
India is enhancing its transfer pricing regime by increasing Advance Pricing Agreements (APAs) and expanding safe harbour provisions, especially for sectors seeking certainty and reduced litigation.
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