Linklaters court ruling threatens tax woes for foreign firms in India
International law firms could come under pressure to pay more tax for operating in India following a tribunal's ruling last week that Linklaters owes taxes on fees earned on work that was referred from India, writes The American Lawyer. Linklaters, like other foreign law firms, is barred from having offices in India, but the Mumbai Income Tax Appellate Tribunal (ITAT) applied a retrospective 2010 amendment to Indian tax laws deeming foreign service providers to have a "permanent establishment" or "fixed base" if their employees - like many international lawyers - spend more than 90 days a year in India.
International law firms could come under pressure to pay more tax for operating in India following a tribunal’s ruling last week that Linklaters owes taxes on fees earned on work that was referred from India, writes The American Lawyer.
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651