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India: Adopted India Finance Act 2018 containing tax base definition

Policy overview

Description

Adopted India Finance Act 2018 containing tax base definition

The India Finance Act 2018 is adopted by the Indian Parliament on 14 March 2018. The Act prescribes that companies with a "significant economic position" (SEP) have a "business connection" in India, and therefore the income resulting from the SEP in…

Scope

Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2018-02-01
under deliberation

The India Finance Act 2018 is introduced in the Indian Parliament on 1 February 2018. The Act presc…

2018-03-14
adopted

The India Finance Act 2018 is adopted by the Indian Parliament on 14 March 2018. The Act prescribes…

2018-03-29
in grace period

The India Finance Act 2018 enters into force with the assent of the President of India. The Act wil…

2021-05-03
adopted

On 3 May 2021, the Indian Ministry of Finance issued a notification detailing the thresholds to ide…

2022-04-01
in force

On 1 April 2022, the thresholds to identify companies with a “significant economic presence” (SEP) …