LEA member firm Ashok Maheshwary & Associates is pleased to announce the book, Expatriate Taxation – Decoding the Complexity has been published by CCH (Wolters Kluwer). The book is authored by CA Amit Maheshwari and CA Sumit Gupta and was launched on 23rd July, 2014 at the Indian International Centre among a group of esteemed dignitaries


As Ashok Maheshwary & Associates was already contributing frequently to the Indian and international media, international forums, on tax and regulatory aspects, CCH offered an opportunity for the firm to share its knowledge and write about tax and regulatory aspects applicable for inbound and outbound expatriates. “I found it to be right opportunity as there was a dearth of good reference material for expatriate taxation. I am glad to be a part of the book and would like to make you a part of the same” said Amit Maheshwari. 


The book attempts to decode various contentious and commonly encountered tax and regulatory issues and challenges faced by the expatriates and their employers in India. It provides comprehensive view about rules and regulations applicable to expats.


 Below is a brief summary of the book and a copy of the book cover is attached for your reference.


The book is available at http://www.cchindiastore.com/taxation/ca-amit-maheshwari-ca-sumit-gupta/p-14314-54091614535-cat.html#variant_id=14314-54091614535


Book Summary 

In cross border movement of expatriates, following tax and regulatory issues merit attention: 

n  Income-tax compliances for the expatriate in the home and host location under respective domestic tax laws;

n  Applicability of tax treaty provisions to mitigate double taxation of income;

n  Withholding tax and reporting obligations on the employer;

n  Payment of social security contribution in home and host location;

n  Foreign exchange control regulations in regard to place of payment of salary, repatriation of money to home country, etc.;

n  Immigration (Visa) requirements in the host location;

n  Corporate tax implications (permanent establishment, fee for technical services, etc.) on the employer on account of secondment of expatriates


Further, understanding income tax implications on account of secondment to the host country like determination of residential status, taxation of foreign sourced income, claiming foreign tax credit, tax equalization process, equity incentive taxation, etc. can be quite complex for an expatriate. 


The book is divided into two parts and fifteen chapters. In the first part, the authors have discussed the provisions governing the residential status, incidence of tax in India, typical issues faced by employer, social security regulations, exchange control regulations and immigration requirements from the perspective of inbound expatriate. The second part focuses on key aspects pertaining to taxation of an Indian employee sent outside Indian like rules for residency and taxability of salary income.