Square Table (Munich): The Changing Tax Environment in India


Wednesday, May 10, 2017



SESSION: 5:00 PM TO 6:00 PM






The Indian tax environment is continuously evolving with several reforms being announced. In past one year we have witnessed changes on many counts such as (a) reforms pursuant to Indian Budget 2017; (b) changes to India-Mauritius Treaty (“Mauritius Treaty”), India-Singapore Treaty (“Singapore Treaty”) and India-Cyprus Treaty (“Cyprus Treaty”); (c) application of General Anti Avoidance Rules (“GAAR”) from April 1, 2017, (d) Enactment of Goods and Service Tax law.

Given the overall nature of reforms, the Indian tax environment has significantly improved in terms of concerns that have been raised by foreign investors. However, the after effects and implementation of many of the reforms such as the Goods and Service Tax law, which is regime change in India, are yet to be experienced.

At the same time, some concerns have been raised by foreign companies on introduction of thin capitalization rules to curb companies from enjoying excessive interest deductions and offshore mergers resulting in indirect transfers of capital assets situated in India. While some of these are internationally recognized concepts, the challenge lies in the application of these provisions.

To discuss this and other reforms and initiatives impacting the investment climate in India, we cordially invite you to be a part of our Squaretable discussion. Participants will include tax directors and general counsel at European companies, professors, and senior lawyers from the firm. The event is 'by invitation only' due to limited capacity at the venue. To confirm your interest kindly register.

Focus Area

Square Table Discussion:

  • Impact of Indian Budget 2017 – Thin capitalisation rules, low corporate tax rate.
  • Amendments to the India-Mauritius and India-Singapore DTAA and discussion on emerging structures to achieve tax optimization.
  • Impact of GAAR – a brief discussion on ensuring GAAR compliant structures.
  • Goods and Service Tax – Its impact on the road ahead?
  • Mitigating Indirect transfer tax issues.
  • Other corporate and exchange control reforms and initiatives announced.

Cocktails and Interaction: 6.00 pm onwards (Special Asparagus and Mango delicacies)



Leader - International Tax Practice, Nishith Desai Associates

Rajesh Simhan heads the international tax practice at Nishith Desai Associates. He primarily advises clients on complex cross-border tax and corporate structuring transactions. He also has extensive tax litigation experience and has advised / represented clients at various levels, including the High Court and Supreme Court of India. He has also acted and advised on several cross-border mergers and acquisitions and has significant experience on private equity investments. Prior to joining Nishith Desai Associates, he has also extensive experience working with a Big 4 accounting firm. He is often quoted in leading international publications and is also a regular speaker at various conferences, both in India and abroad.

Rajesh has graduated from the National Law School of India University, Bangalore. He has also done his LL.M in Taxation from the Georgetown University Law Center, Washington D.C.

Ruchi Biyani

Head - European Office, Nishith Desai Associates

Ruchi heads NDA’s office in Europe. She has experience working on wide spectrum of matters from PIPE deals, IPOs, private equity investments, M&As to corporate litigation across various sectors and geographies. She specialises in devising entry strategy, governance aspects, corporate restructuring. In 2013 she moved to Europe, from where she not only assists foreign companies having or planning activities in India but also supports Indian companies interested in overseas market. She speaks basic German and is licensed to practice India law in Germany.

She is a regular speaker at law schools such as EBS Law School, Wiesbaden and University of Tubingen and have contributed to several articles in international magazines and newspapers. She is also an active member of several chambers and associations such as International Bar Association, International Fiscal Association, International Association of Young Lawyers (AIJA), OAV – German Asia Pacific Business Association, Indo-German Chamber of Commerce.

She holds a law degree from Government Law College, Mumbai and a bachelors’ degree from Narsee Monjee College of Commerce and Economics. She is also a member of the Institute of Company Secretaries of India.

Prior to joining Nishith Desai Associates, she worked with the largest mortgage company in India. Outside of law, she enjoys history, international politics, swimming and skiing.


Leader -  International Tax Practice, Nishith Desai Associates

Meyyappan Nagappan is a senior member of the International Tax practice at Nishith Desai Associates. He has had extensive experience in advising clients on complex cross-border tax litigation. Prior to joining Nishith Desai Associates, he worked in the Chambers of Mr. Mohan Parasan, Solicitor General of India between 2010 – 2014; and was involved in some of the landmark international taxation disputes, direct and indirect taxation disputes and bilateral investment treaty disputes in India during the time.
He has graduated from NALSAR, Hyderabad and has completed his Masters of Law (Commercial Laws) degree from the University of Cambridge with a specialization in International tax.