11 January 2016 India's Central Board of Direct Taxes issues draft guidelines for determination of place of effective management for corporate tax residency India's Central Board of Direct Taxes (CBDT) has issued draft guidelines (Guidelines) for determination of a foreign company's place of effective management (POEM) in India. The Guidelines emphasize that the POEM is a substance over form approach and must be determined on the facts and circumstances of each case annually. A Tax Alert prepared by Ernst & Young's Indian Tax Desk in New York, and attached below, provides additional details. Document ID: 2016-0055 |
