{"product_id":"beps-implications-on-transfer-pricing-indian-perspective-book-by-taxmann","title":"BEPS Implications on Transfer Pricing (Indian Perspective) - Book By Taxmann","description":"\u003cp\u003e\u003cstrong\u003eBEPS Implications on Transfer Pricing (Indian Perspective) - Book By Taxmann\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eEdition : \u003c\/strong\u003e2024\u003c\/p\u003e\n\u003cp class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-GB\"\u003eThis book offers a comprehensive and practical guide to understanding the intricate transfer pricing implications stemming from the\u003cspan\u003e \u003c\/span\u003e\u003c\/span\u003e\u003cspan lang=\"EN-GB\"\u003eBase Erosion and Profit Shifting (BEPS) project within the Indian context. This work culminates two years of extensive research and analysis by a team of transfer pricing experts. The book covers a wide range of topics, starting with an overview of the BEPS project and its objectives. It also includes an analysis of international rulings on BEPS, examining landmark cases and their implications for the transfer pricing landscape.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-GB\"\u003eThis comprehensive guide is invaluable for tax practitioners, professionals, academics, and business leaders aiming to understand the impact of BEPS recommendations on transfer pricing in India. It facilitates informed discussions on this critical area of taxation and its implications for businesses operating in India.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp class=\"MsoNormal\"\u003e\u003cspan lang=\"EN-GB\"\u003eThe Present Publication is the Latest Edition, authored by Ashutosh Mohan Rastogi, with the following noteworthy features:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003eRealignment of Transfer Pricing Norms\u003c\/strong\u003e\u003cspan\u003e]\u003c\/span\u003e\u003cspan class=\"apple-converted-space\"\u003e \u003c\/span\u003e\u003cspan\u003eThe book explains why BEPS realigned 'Transfer Pricing' norms, illustrated through case studies of Google, Starbucks, and Apple, highlighting their implications on BEPS\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003eUnderstanding and Application of BEPS Action Plans\u003c\/strong\u003e\u003cspan\u003e]\u003c\/span\u003e\u003cspan class=\"apple-converted-space\"\u003e\u003cb\u003e \u003c\/b\u003e\u003c\/span\u003e\u003cspan\u003eBEPS Action plans have transformed how Transfer Pricing concepts are understood and applied, shifting focus from titles and contracts to functions and risks. This book helps readers understand these nuances in the post-BEPS era\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003eBEPS Insights on Indian Law\u003c\/strong\u003e\u003cspan\u003e]\u003c\/span\u003e\u003cspan class=\"apple-converted-space\"\u003e\u003cb\u003e \u003c\/b\u003e\u003c\/span\u003e\u003cspan\u003eEach chapter provides BEPS insights on Indian Law, discussing BEPS Action plans with reference to Indian Regulations, Circulars, and Case Law and explaining the relevance and implications of BEPS Action points in the Indian context\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003ePlanning for Intangibles in the Post-BEPS World\u003c\/strong\u003e\u003cspan\u003e]\u003c\/span\u003e\u003cspan class=\"apple-converted-space\"\u003e \u003c\/span\u003e\u003cspan\u003eThe book decodes how to attribute profits to intangibles in the BEPS era, explains 'Development, Enhancement, Maintenance, Protection and Exploitation' (DEMPE) functions, and assesses the relevance of holding companies in low-tax havens today\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003eEconomic Ownership\u003c\/strong\u003e\u003cspan\u003e]\u003c\/span\u003e\u003cspan class=\"apple-converted-space\"\u003e \u003c\/span\u003e\u003cspan\u003eReaders will learn about the importance of Economic Ownership and how it is determined, exploring how Indian law attributes intangible returns based on legal or economic ownership\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003eSubstance in Transfer Pricing\u003c\/strong\u003e\u003cspan\u003e]\u003c\/span\u003e\u003cspan class=\"apple-converted-space\"\u003e \u003c\/span\u003e\u003cspan\u003eThe book discusses the role of substance in Transfer Pricing, exploring whether Transfer Pricing officers can look beyond agreements to uncover reality and the role of significant people functions\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003eBenchmarking for Financial Transactions\u003c\/strong\u003e\u003cspan\u003e]\u003c\/span\u003e\u003cspan class=\"apple-converted-space\"\u003e \u003c\/span\u003e\u003cspan\u003eIt provides insights on benchmarking for financial transactions such as inter-company loans and guarantees, highlighting the importance of credit rating in financial transaction analysis and how to compute a credit rating\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003eLocation Savings\u003c\/strong\u003e\u003cspan\u003e]\u003c\/span\u003e\u003cspan class=\"apple-converted-space\"\u003e \u003c\/span\u003e\u003cspan\u003eThe book explains where location savings should be taxed and whether profit split is the correct methodology for taxing location savings\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003eDefending Management Charges\u003c\/strong\u003e\u003cspan\u003e]\u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003eIt guides Multinational Enterprises (MNEs) on defending management charges, the availability of Safe Harbour for Management Charges in India, and the shortcomings of the safe harbour\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003eCost Contribution Agreements\u003c\/strong\u003e\u003cspan\u003e]\u003c\/span\u003e\u003cstrong\u003e\u003cspan\u003e \u003c\/span\u003e\u003c\/strong\u003e\u003cspan\u003eReaders will understand what cost contribution agreements are and how they differ from intra-group service agreements\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003eInternational Rulings on BEPS\u003c\/strong\u003e\u003cspan\u003e]\u003c\/span\u003e\u003cspan class=\"apple-converted-space\"\u003e \u003c\/span\u003e\u003cspan\u003eThe book summarizes leading international rulings on BEPS with illustrations, helping readers understand their implications and how tax litigators can apply them in the Indian context\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cstrong\u003eThree-Tier Documentation with FAQs\u003c\/strong\u003e\u003cspan\u003e]\u003c\/span\u003e\u003cspan class=\"apple-converted-space\"\u003e \u003c\/span\u003e\u003cspan\u003eFrom the evolution and objectives behind the three-tier approach to the requirements suggested by the OECD and their adoption into Indian legislation, the book covers it all. It includes various prescribed templates and answers to general and transaction\/issue-specific FAQs addressed by the OECD in the BEPS Action Plan 13 report\u003c\/span\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp class=\"MsoNormal\"\u003e\u003cspan\u003eThe detailed contents of the book are as follows:\u003c\/span\u003e\u003c\/p\u003e\n\u003cp class=\"MsoNormal\"\u003e \u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cb\u003eIntroduction\u003c\/b\u003e\u003cspan\u003e]\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cul\u003e\n\u003cli\u003eThis chapter provides an overview of the BEPS project and its objectives, including case studies of companies like Starbucks, Google, and Apple, illustrating the necessity for the BEPS initiative\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cb\u003eBEPS Implications on Transfer Pricing\u003c\/b\u003e\u003cspan\u003e]\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cul\u003e\n\u003cli\u003eThis chapter provides an in-depth examination of BEPS implications on transfer pricing, focusing on fundamental changes proposed by the OECD and their potential impact on MNEs in India. It analyses concepts such as economic substance, substance over form, and profit shifting to low-tax jurisdictions\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cb\u003eDEMPE Analysis\u003c\/b\u003e\u003cspan\u003e]\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cul\u003e\n\u003cli\u003eThis chapter provides a detailed discussion of the DEMPE (Development, Enhancement, Maintenance, Protection, and Exploitation) functions, highlighting the complexities of attributing profits to intangible assets and the Indian tax authorities approach to these challenges\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cb\u003eBEPS Guidance on 'Substance over Form'\u003c\/b\u003e\u003cspan\u003e]\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cul\u003e\n\u003cli\u003eThis chapter discusses the principle of prioritizing economic substance over contractual form, emphasizing the importance of actual business activities and behaviours in determining transfer pricing as per BEPS guidelines\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cb\u003eLow-Value Intra-Group Services\u003c\/b\u003e\u003cspan\u003e]\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cul\u003e\n\u003cli\u003eThis chapter examines BEPS guidelines for low value-adding intra-group services, providing simplified approaches for determining arm's length charges and outlining documentation requirements for these services\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cb\u003eFinancial Transactions\u003c\/b\u003e\u003cspan\u003e]\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cul\u003e\n\u003cli\u003eThis chapter analyses the intricacies of transfer pricing for financial transactions. This chapter covers treasury functions, credit risk assessment, inter-company loans, and guarantees, with an emphasis on compliance with the arm's length principle\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cb\u003eCost Contribution Arrangements\u003c\/b\u003e\u003cspan\u003e]\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cul\u003e\n\u003cli\u003eThis chapter explores the concept of cost contribution arrangements (CCAs) under BEPS, discussing how MNEs share the costs and benefits of joint development activities and the implications for transfer pricing\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cb\u003eLocation Savings\u003c\/b\u003e\u003cspan\u003e]\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cul\u003e\n\u003cli\u003eThis chapter provides an analysis of location savings and location-specific advantages, offering guidance on how these factors should be incorporated into transfer pricing strategies, particularly in the Indian context\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cb\u003eThree-Tier Documentation\u003c\/b\u003e\u003cspan\u003e]\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cul\u003e\n\u003cli\u003eThis chapter provides a review of the BEPS-recommended three-tier documentation approach, including the master file, local file, and country-by-country report, and a discussion on how these documentation requirements are implemented in India\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cb\u003eDispute Resolution Mechanism\u003c\/b\u003e\u003cspan\u003e]\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cul\u003e\n\u003cli\u003eThis chapter discusses the mechanisms for resolving transfer pricing disputes, including the mutual agreement procedure (MAP) and India's Advance Pricing Agreement (APA) program. It provides practical insights into navigating disputes under the new BEPS regime\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cb\u003eInternational Transfer Pricing Rulings on BEPS\u003c\/b\u003e\u003cspan\u003e]\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cul\u003e\n\u003cli\u003eThis chapter summarises significant international transfer pricing rulings related to BEPS, offering key takeaways and their implications for the Indian transfer pricing landscape\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cli\u003e\n\u003cspan\u003e[\u003c\/span\u003e\u003cb\u003eConclusion\u003c\/b\u003e\u003cspan\u003e]\u003c\/span\u003e\n\u003c\/li\u003e\n\u003cul\u003e\n\u003cli\u003eThis chapter concludes by synthesizing the key insights and practical guidance provided in each chapter, reinforcing the importance of understanding and applying BEPS principles to transfer pricing in India\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ul\u003e","brand":"Taxmann","offers":[{"title":"Default Title","offer_id":59556240752721,"sku":"9789375617372","price":957.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0574\/5534\/5745\/files\/1_8e903fbc-aa99-4dad-acb8-5d7737efd664.jpg?v=1779507838","url":"https:\/\/buytestseries.in\/products\/beps-implications-on-transfer-pricing-indian-perspective-book-by-taxmann","provider":"BuyTestSeries.in","version":"1.0","type":"link"}