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German Business Taxation – Business Start-up

Author: Mayur Pawaskar

Abstracts

“As the gardener plucks each flower in the garden, without destroying the roots, so should the ruler collect revenue without destroying the sources.” –Kautilya1

The above Maxim from the Book “Maxims of Chanakya” which interpreted the Duties and Qualities of the Ruler. The above maxim “Shlok” of Kautilya emphasizing the need for wealth creation and underlines the principle of equity in taxation which requires today globalize world to maintain appropriate tax administration at International tax space.

The above-mentioned principle stated that Government should work as guardian to business entity while framing the Tax policies which help to grow business activity during the initial phase of start-up. The government carefully frame below mentioned tax policies and tax reforms not only to protect the business interest in local market but help to compete international space.

•           Corporate Tax planning

•           Tax incentive scheme

•           Thin capitalisation Rule

•           Availed benefit under Double taxation Avoidance Agreement (DTAA) while enter with double taxation agreement with other tax jurisdiction

•           EXIM Policies