Under Pillar One of BEPS, multinational enterprises with global turnover above 20 billion euros and pre-tax profit above 10 percent of revenue will have to pay 25 percent of the profit before tax
The latest proposal by Washington, shared with 130 countries, aims to tax only those entities with a global revenue of $20 bn and is not limited to digital players
What Base Erosion and Profit Shifting project. mean for businesses in India
The final BEPS project identified 15 actions to address BEPS in a comprehensive manner
Applicable to transfer pricing for MNCs whose consolidated annual revenue is over Rs 5,000 crore