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Enhancing Certainty, Transparency and Uniformity in Permanent Establishment and Profit Attribution for Foreign Investors in India
NITI Aayog's recent working paper titled "Enhancing Certainty, Transparency and Uniformity in Permanent Establishment and Profit Attribution for Foreign Investors in India" highlights the urgent need for India to strengthen tax certainty to attract sustainable foreign investment.
While India has recorded a steady rise in FDI inflows, from USD 5856 million in 2005-2006 to over USD 50,018 million in 2024-2025, foreign investors continue to face uncertainty arising from inconsistent interpretations of Permanent Establishment (PE) and profit attribution provisions. These issues lead to prolonged litigation, compliance costs, and unpredictability in tax outcomes.
The paper identifies that ambiguities in defining PE, especially under evolving business models such as the digital economy and service sectors, combined with inconsistent profit attribution methods, significantly impact India's investment climate.
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