Cash repatriation from India
Call date: 2nd June 2020
Members shared their experiences in repatriating cash from India, including, Dividends, management Fees, Royalties, Intercompany netting, domestic pooling and Mauritius structures.
The call was chaired by Damian Glendinning, whose commentary appears below.
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India has always been a difficult and highly regulated environment. However, over the past few years, a lot of treasury actions which used to be very difficult are now possible. The country continues to have one of the region’s more aggressive tax regimes – they are particularly focused on transfer pricing – and there are still many regulations which are not always clear, and change regularly, but still have to be complied with.
Bottom line: everything in India takes time, and involves processes which are difficult and time consuming. But, if you put in the time and effort, things will generally work.