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Apr 19, 2019
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Profit attribution to PE: CBDT invites public comments on report
Suggestions and comments on the 85-page report — which has been made public — will have to be furnished electronically within 30 days from the date of its publication on the department’s website, the CBDT has said. Commenting on the draft report, Sandeep Jhunjhunwala, Director, Nangia Advisors (Andersen Global), said: “The report submitted by the committee is an exhaustive report, which provides insights into the economic basis for allocation of taxing rights in respect of business profits by looking at how economies contribute to business profits of multinational enterprises and also documents various international practices for profit attribution”.
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