Will India's SaaS Startups With Flipped Structure Fall Under Tax Net Soon?
India, Jan. 1 -- India's SaaS giants and enterprise tech startups setting up shop in the US could soon find themselves tangled in a regulatory web as the Indian government is looking to widen its taxation net to target flipped-structure companies.
While no official comment has come in this regard, an ET report quotes two unnamed revenue department officials who believe that India is losing out on the intellectual property (IP) value as well as tax revenue. The tax department would likely delve deeper into the shareholding patterns, the corporate structures as well as the merit of the foreign holding companies for the Indian startup.
Essentially, many SaaS and other enterprise tech startups have flipped their structure to set up holding ...
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