In draft guidelines dated 23 December 2015, India's Central Board of Direct Taxes (CBDT) sets out proposed methods for determining place of effective management. The guidelines are needed following India's change in the definition of corporate residence from being based on when an entity is wholly controlled and managed in India, to instead being based on whether the place of effective management (PoEM) is in India. This change was included in the Finance Act, 2015 and is effective 1 April 20…