TCS on Overseas Remittance Cut to 2%: New Rules & Impact
  • India, Newsletter

TCS on Overseas Remittances Cut to 2% for Education, Medical and Tour Packages

  • Summary Effective 1 April 2026, Tax Collected at Source (TCS) on overseas remittances for education, medical care, and tour packages drops to a flat 2%. For self-funded education and medical expenses, this 2% applies only on amounts exceeding

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FEMA reporting delays, late submission fees and compounding in India
  • Article, India

A Practical Guide to FEMA Reporting Delays, Late Submission Fees & Compounding in India

  • Summary FEMA reporting delays can arise when companies miss deadlines for filings such as FC-GPR, FC-TRS, FLA, or ODI APR. The RBI provides a Late Submission Fee (LSF) route for eligible reporting delays, while more substantive or older

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EPFO Wage Ceiling Approved to Increase from ₹15,000 to ₹25,000
  • India, Newsletter

EPFO Wage Ceiling Approved to Increase from ₹15,000 to ₹25,000

  • The Union Cabinet has approved a proposal from the Ministry of Labour & Employment to raise the EPFO wage ceiling for mandatory coverage from ₹15,000 to ₹25,000 per month. With this change, over 51 lakh additional employees are

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Work Visa Approved? Why Your Tax Status Isn't Settled
  • Global, Newsletter

An Approved Work Visa Doesn’t Mean the Tax Question Is Settled

  • Summary: Modern cross-border and remote work arrangements frequently overlook complex international tax obligations by mistakenly treating visa approval as total compliance. An approved work visa permits physical presence, but it does not address local payroll withholding, social security

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UAE VAT Compliance: 7 Costly Mistakes & How to Avoid Them
  • Article, U.A.E.

VAT Compliance in the UAE – 7 Mistakes That Cost Businesses the Most and How to Avoid Them

  • Summary: While the UAE’s 5% VAT rate is straightforward, businesses frequently face steep FTA penalties due to operational and paperwork errors rather than calculation mistakes. Key missteps include misclassifying zero-rated versus exempt supplies, issuing incomplete tax invoices, filing

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Seven States Chasing 1.2M GCC Jobs, But Talent Supply Lags
  • Global, Newsletter

Seven States Are Chasing 1.2 Million GCC Jobs. Talent Supply Hasn’t Caught Up

  • Summary India’s GCC race is expanding beyond established hubs, with seven states targeting 1.2 million new GCC jobs by 2031 through policy incentives and location-led initiatives. Yet talent remains concentrated in Tier-I cities, creating a gap between where

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Foreign Bookkeeping Mistakes in India
  • India, Newsletter

Two Reporting Frameworks, One Ledger – Why Foreign-Owned Companies Get Bookkeeping in India Wrong

  • Summary Foreign-owned entities in India often face severe penalties by mistakenly treating parent-company ledgers as compliant local books. Indian regulations, including the Companies Act and GST rules, require standalone, accrual-based statutory records that exist independently of overseas systems.

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UAE FTA Issues New Due Diligence Rules for Input VAT Recovery
  • Newsletter, U.A.E.

Federal Tax Authority in the UAE Sets Out New Due Diligence Rules for Input VAT Recovery

  • Summary: Effective October 1, 2026, UAE FTA Decision No. 13 of 2026 establishes mandatory due diligence rules for businesses claiming input VAT recovery. To safeguard tax deductions from evasion risks, companies must thoroughly verify supplier identities, physical locations,

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Indian Director in Foreign Company: FEMA & Tax Implications
  • India, Newsletter

An Indian Director Doesn’t Make Your Foreign Company Indian, But Three Things Attached to the Role Can

  • Summary Appointing an Indian resident as a director of a foreign company does not, by itself, trigger FEMA or Indian tax obligations. The key areas to review separately are shares or ESOPs received, director remuneration, and the authority

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UAE VAT Refund Rules 2026: New Checks from October 1
  • Newsletter, U.A.E.

UAE Tightens VAT Refund Rules from October 1 – What Businesses Must Verify Before Claiming

  • Summary: From October 1, UAE businesses will face stricter VAT refund checks linked to supplier tax compliance. Businesses must verify suppliers, review bank details, assess reputational risks, and document each purchase properly. The AED 10,000 exemption may not

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