India - Master File, Country-by-Country Reporting and Local File: Law in the Making
- S.K. Bilaney
- International Transfer Pricing Journal, 2016 (Volume 23), No 5
- 29 August 2016
In the Finance Act, 2016, the Indian government has introduced a regime regarding the country-by-country report and the master file under Indian tax law. A partial version of the proposed regime is introduced in the Finance Act, 2016. More specific rules and the format for the master file and country-by-country report will be prescribed in the future. In this article, the author reviews the proposed regime regarding the country-by-country report and the master file, and its anticipated impact on Indian taxpayers.