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Indian tax officials at a Nov. 20 conference in New Delhi cited the new Tax Administration Reform Committee and recent changes to the country's transfer pricing regime as evidence that the government is attempting to improve its relationship with taxpayers.
At the Confederation of Indian Industry event, several top tax officials discussed efforts to improve the country's tax administration, including the Tax Administration Reforms Commission (TARC). The commission, created Aug. 13 and chaired by economist Parthasarathi Shome, will review the application of tax policies and tax laws in the context of global best practices and recommend measures where it determines changes are needed.
The TARC-along with the new safe harbor regime, the advance pricing agreement program created in 2012, and the process by which the country adopted a new general anti-avoidance rule-signals a fundamental change in the way the Indian government deals with taxpayers, Revenue Secretary Sumit Bose said. The most "exciting" aspect of these developments, he said, is not the policies themselves so much as the...