India issues thresholds for triggering “significant economic presence” in India

Executive summary
The Indian Tax Administration,1 on 3 May 2021, issued a notification2 prescribing revenue and user thresholds for the application of a new nexus rule for nonresidents in the form of “significant economic presence” (SEP) which was introduced under the Indian Tax Laws (ITL) in 2018.
The notification prescribes a revenue threshold of INR20 million (US$280,000) for sales to …
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