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ASA Business Bulletin 22/12/2018-28/12/2018
ASA Business Bulletin 22/12/2018-28/12/2018

Government extends deadline for US MNCs to submit information by 3 months
Government has extended deadline to submit global revenues, profit and sales to the taxman by three months under Base Erosion and Profit Shifting (BEPS) framework. Most multinational companies in India are required to submit these details, except those based in countries that are not part of the OECD. Companies have to report the details annually and for each tax jurisdiction in which they do business. This report is called the Country-by-Country (CbC) Report.

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