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An analysis from Economic Laws Practice, Taxand India
A recent amendment bill in India proposes significant changes to the country’s tax framework for offshore fund management. One of the key measures is a relaxation and realignment of the Safe Harbour Regime, which is designed to provide greater certainty for investment managers overseeing offshore funds from India.
Economic Laws Practice examines how the proposed reforms could make it easier for fund managers to operate from India without triggering unintended tax consequences for offshore investment vehicles. The changes are intended to modernise the existing framework and strengthen India’s attractiveness as a hub for global fund management activities. For investment funds and asset managers, the amendments could improve regulatory clarity and reduce barriers to managing overseas capital from India.
Tax experts, Vinod Joseph and Yash Ranglani from our Indian member firm, Economic Laws Practice, analyse the practical implications of the revised safe harbour provisions and what they may mean for the future competitiveness of India’s investment management industry, which you can read here.
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