BANKING

The Place of Effective Management (Poem) framework was introduced in 2018 to determine the tax payable by a foreign company that, for all purposes, is managed from India and yet does not pay taxes domestically. Many Indian companies that have traditionally used holding companies and subsidiaries overseas for various reasons had put additional structures in their foreign entities following the regulations.

from Banking/Finance-Industry-Economic Times https://ift.tt/3GnxTnP
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