NITI Aayog Releases Tax Policy Working Paper to Enhance Investment Climate

NITI Aayog has launched the first working paper in its Tax Policy Working Paper Series, focusing on enhancing tax certainty and predictability for foreign investors in India. The paper addresses concerns regarding Permanent Establishment and profit attribution, aiming to create a transparent and efficient tax framework to attract Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI). Recommendations include an optional Presumptive Taxation Scheme and improved dispute resolution mechanisms, reflecting a collaborative approach to tax policy reform.

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