Dear FIBA members,

We are pleased to invite you for an interactive session on the Indian Union Budget 2021-2022 and topical issues relevant for Finnish companies for doing business in India.

When: Monday, 8 February 2021 at 13.00 – 14.30 Helsinki time
Where: Microsoft Teams webinar
A link to join the webinar will be sent to those registered closer to the date.

The Government of India, in the earlier Budgets, has made significant policy announcements to make India an attractive investment destination. The recent decisions relating to reduction of corporate tax rates, abolition of distribution tax on dividend, introduction of faceless assessment regime, equalization levy are some of the steps which reflect that India is aligning to the global taxation framework.

The India Union Budget 2021-22 is scheduled to be presented on 1 February 2021 and it is expected to make important announcements on the policy front to boost consumption and kick off the investment cycle.

The Budget proposals are likely to focus on recovery and growth besides strengthening sectors such as manufacturing, healthcare, infrastructure, agriculture amongst others to attract fresh investments.

In view of the above, this session is intended to cover the following areas which are relevant for Finnish Companies having interests in India to provide them the latest perspective on India as a business destination:

  • Significant amendments in direct taxation, indirect taxation and transfer pricing provisions that will be proposed by Budget 2021 and their possible impact on foreign investment in India;
  • Structural reforms in Indian taxation in the recent months such as faceless assessment and appeals;
  • Brief discussion on Equalization levy and related updates subsequent to its introduction;
  • Experience on dividend taxation- abolition of dividend distribution tax in India and dividend being taxed in the hands of shareholder;

The speakers for the session will be as follows:

Nabin Ballodia, Partner – Corporate and International Tax, KPMG in India supported by
Chartered Accountants Nidhi Kansal, Yogesh Gupta, Suchita Kanodia and Rishu Gupta.

In this forthcoming session, the speakers intend to discuss the nuances of the above topics and provide their thoughts on the next steps at a practical level. This session will be followed by Q&A.

Registrations by 6 February.
More information about the event: jenni.isola@chamber.fi

WELCOME!
Finland-India Business Association