Single Master Form (SMF) for reporting of Foreign Investment in India
Global Tax Update : July 2018 / India
With the objective of integrating the reporting structures of various types of foreign investment in India, the Reserve Bank of India (RBI) had, in April 2018, proposed to introduce an online reporting facility through Single Master Form (SMF) which would subsume all reporting requirements, irrespective of the capital instrument through which the foreign investment is made.
This newsletter explains the following topics;
- Single Master Form (SMF) for reporting of Foreign Investment in India
- Segregated Nominee Account Structure (SNAS) in International Financial Service Centre (IFSC)
- Review of investment by FPI in debt instruments.
* This Article is based on the relevant Japanese or specific country’s tax law and other authorities in effect on the date of this Article. This Article would not be guaranteed updating if there are any changes in Japanese tax law, any other law, or interpretations by the courts or tax authorities thereof after the date of this Article.