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International Tax News & Updates

India sets threshold for significant economic presence

5/10/2021

 
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The Indian Finance Ministry has notified the threshold to determine the new tax nexus based on significant economic presence (SEP) to tax profits of non-resident companies.

The concept of SEP was introduced in 2018, with the intent of bringing income of non-residents operating in the digital space within the ambit of Indian tax. The Government has now prescribed the threshold as INR 20 million and 300,000 users in this regard.
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The notification will come into effect from April 1, 2022.

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