Volume 2 No 9   |   Read Article

By Sheryl Shah and Shibani Bakshi (guest author)

Following months of debate, the Indian Finance Ministry recently clarified that the Minimum Alternate Tax (M.A.T.) will not apply to foreign companies that do not have a permanent establishment and/or place of business in India. Shibani Bakshi and Sheryl Shah discuss why the announcement is an affirmation of India’s positive attitude towards foreign investment. The next move is up to the Indian Revenue.  See more →