On 29 March 2018, India published the Finance Act 2018 as assented by the president in the Official Gazette. Some of the main tax measures include:
- The expansion of the definition of business connection to align PE rules with the BEPS MLI and BEPS Action 7 and provide that a business connection includes any business activities carried out through a person who, acting on behalf of a nonresident, habitually concludes contracts or habitually plays the principal role leading to conclusion of con…