Thursday, March 25, 2021

Government may tweak tax law on software purchases from foreign firms

The government may be exploring options to tweak the domestic tax law to overcome a recent Supreme Court judgement that said payments made by local users for the purchase of software from foreign companies or distributors cannot be taxed as royalty.

from Tech-Economic Times https://ift.tt/3tWSmZN

No comments:

Post a Comment

Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...