MUMBAI: The Minimum Alternate Tax (MAT<\/a>) that had given nightmares to foreign portfolio investors (FPIs) last year has returned for the start-ups; but this time around it could just mean some good news but with a caveat. 孟买:最低备用税(垫),给了噩梦外国组合投资者(fpi)初创公司去年已恢复;但这次它可以意味着一些好消息但警告。乐动扑克
\n
\nThe government in the budget announced that any new star-up set up after April 1 this year (but not later than March 31 2019) could avail a three year tax holiday. However, the profits of such a start-up could be taxed at about 20 per cent under MAT<\/a>.
\n
\"Only new start-ups set up in or after 2016 can avail of the three year tax holiday announced in the budget, but their profits could still be subject to MAT. This benefit is available only to new start-ups and for other cases (including existing start-ups) normal taxation<\/a> regime would apply.\" said Sanjay Sanghvi, Partner, Khaitan & Company.
\n
\nIndustry trackers say that this could set in motion some events. Where on one hand some start-ups may try to shut shops and reregister as new ventures, to get benefits of a three year tax holiday period. On the other hand, these start-ups who tend to incur losses for years would be scrutinised on their \"book profit\" under MAT, even when they may have incurred net losses.
\n
\nAs per the regulations not all start-ups would benefit out of the sops. So, a start-up set up even in February this year; will not be eligible for opting for a three year tax holiday window in future. Industry trackers say that this could mean that many start-ups could just re-register under the new name, especially if they have just begun.
\n
\nAlthough the government has prescribed rules wherein, old companies cannot be re-registered, there could be some loopholes, avow experts. \"There are regulations and this is as strict as you can get under the situation. Yet, start-ups are very nimble and in many cases they don’t have capital expenditures like owning machinery or real estate, so there are loopholes,\" said an industry expert.
\n
\nMany founders could create structures which could avail them the benefit of the tax holiday, and this could come under the intense scrutiny of the revenue department.
\n
\nBut, if you are a start-up, why take all that trouble?
\n
\"The levy of only MAT and not regular corporate tax is a good development as many profitable start-ups could see their tax outflow reduce from around 33 per cent to 20 per cent under some structures. However on the flip side, startups will be paying taxes the moment they start making book profits and so a lower MAT similar to that available for International Finance Centers would have been more welcome,\" said Rajesh H Gandhi, partner, tax, Deloitte<\/a> Haskins & Sells.
\n
\nEven then, taxation<\/a> rate going down from 33 per cent to 20 per cent under MAT could just be an attraction.
\n
\nYet, like most good schemes, there is a catch in this one too. Most of the start-ups make losses for a long time as their worth by investors is not judged on current profits.
\n
\nHowever, MAT has its own way of calculating taxation. MAT takes \"book profit\" in to account for taxation. Book profit is basically profit made (shown in P&L) and it disallows certain deductions which companies make before they arrive at net profit (or loss). In many cases, start-ups may be making book profit, but could incur net losses.
\n
The budget also allowed a tax holiday for investors who would invest in new start-ups setup between April this year till March end in 2019. However, this would mean that all the angel investors, Venture Capitalists and Private Equity<\/a> funds that have invested in start-ups, will not get any benefit.
\n
\n<\/p><\/body>","next_sibling":[{"msid":51249950,"title":"Retrospective tax not fully addressed in Budget 2016: UK investors","entity_type":"ARTICLE","link":"\/news\/retrospective-tax-not-fully-addressed-in-budget-2016-uk-investors\/51249950","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":51251909,"entity_type":"ARTICLE","title":"Budget 2016: Start-ups may rush in to take benefit of sops, MAT","synopsis":"Start-ups who tend to incur losses for years would be scrutinised on their \"book profit\" under MAT, even when they may have incurred net losses.","titleseo":"telecomnews\/budget-2016-start-ups-may-rush-in-to-take-benefit-of-sops-mat","status":"ACTIVE","authors":[{"author_name":"Sachin Dave","author_link":"\/author\/479239123\/sachin-dave","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479239123.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479239123,"author_name":"Sachin Dave","author_seo_name":"sachin-dave","designation":"Senior Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-03-04 12:02:15","lastupd":"2016-03-04 12:04:50","breadcrumbTags":["private equity","Taxation","Deloitte","MAT","startup","Enterprise Services","Budget2016"],"secinfo":{"seolocation":"telecomnews\/budget-2016-start-ups-may-rush-in-to-take-benefit-of-sops-mat"}}" data-authors="[" sachin dave"]" data-category-name="" data-category_id="" data-date="2016-03-04" data-index="article_1">
政府预算中宣布任何新的启动设置今年4月1日之后(但不迟于2019年3月31日)可以利用一个三年的免税期。然而,这样一个创业可以征税的利润在20%左右垫。
“只有建立在2016年或之后的新创业公司可以利用三年的免税期公布的预算,但他们的利润仍然可以垫。这个好处是只提供给新的初创企业和其他情况下(包括现有的初创企业)正常税收政权将适用。”桑杰Sanghvi说,伙伴,比&公司。
isuppli表示,这可能启动一些事件。一方面一些初创企业可能试图关闭商店和再定位为新企业,得到一段三年免税的好处。另一方面,这些初创公司往往蒙受损失多年受到“帐面利润”下垫,即使他们可能发生净亏损。
按照规定并不是所有的初创企业将受益的安抚。因此,启动设置甚至今年2月;不会有资格选择未来三年免税期窗口。isuppli表示,这可能意味着许多初创公司可以注册新名字,特别是如果他们刚刚开始。
尽管政府已经规定的规则中,老公司不能注册时,可能会有一些漏洞,承认专家。“有规定,这是尽可能严格的情况下。然而,创业是非常灵活的,在许多情况下他们没有拥有机械或房地产等资本支出,所以有漏洞,”一位行业专家说。
许多创业者可以创建结构,可以利用他们的好处免税期,这可能会受到严格审查部门的收入。
但是,如果你是一个创业公司,为什么费那么大劲呢?
“只垫而不是常规的征收企业所得税是一个很好的发展许多有利可图的初创公司可以看到他们的税收外流减少从33%左右提高到20%在某些结构。然而另一方面,创业公司将纳税的那一刻他们开始让书的利润和更低的垫可供类似国际金融中心将会更受欢迎,“Rajesh H甘地说,伙伴,税,德勤哈斯金斯和销售。
即使是这样,税收率从33%下降到20%下垫可能只是一种吸引。
然而,像大多数好的方案,赶在这一个。大部分初创企业亏损很长一段时间他们的价值投资者不认为当前的利润。
然而,垫都有自己的方式计算征税。垫需要“帐面利润”占税收。帐面利润是利润(损益表所示),它不允许某些减免公司才能抵达净利润(或亏损)。在许多情况下,企业可能会让帐面利润,但会导致净损失。
预算还允许免税期投资者将投资于新的初创企业之间设置今年4月到2019年3月结束。然而,这就意味着所有的天使投资者,风险资本家和私人股本基金投资于创业企业,不会得到任何好处。
MUMBAI: The Minimum Alternate Tax (MAT<\/a>) that had given nightmares to foreign portfolio investors (FPIs) last year has returned for the start-ups; but this time around it could just mean some good news but with a caveat.
\n
\nThe government in the budget announced that any new star-up set up after April 1 this year (but not later than March 31 2019) could avail a three year tax holiday. However, the profits of such a start-up could be taxed at about 20 per cent under MAT<\/a>.
\n
\"Only new start-ups set up in or after 2016 can avail of the three year tax holiday announced in the budget, but their profits could still be subject to MAT. This benefit is available only to new start-ups and for other cases (including existing start-ups) normal taxation<\/a> regime would apply.\" said Sanjay Sanghvi, Partner, Khaitan & Company.
\n
\nIndustry trackers say that this could set in motion some events. Where on one hand some start-ups may try to shut shops and reregister as new ventures, to get benefits of a three year tax holiday period. On the other hand, these start-ups who tend to incur losses for years would be scrutinised on their \"book profit\" under MAT, even when they may have incurred net losses.
\n
\nAs per the regulations not all start-ups would benefit out of the sops. So, a start-up set up even in February this year; will not be eligible for opting for a three year tax holiday window in future. Industry trackers say that this could mean that many start-ups could just re-register under the new name, especially if they have just begun.
\n
\nAlthough the government has prescribed rules wherein, old companies cannot be re-registered, there could be some loopholes, avow experts. \"There are regulations and this is as strict as you can get under the situation. Yet, start-ups are very nimble and in many cases they don’t have capital expenditures like owning machinery or real estate, so there are loopholes,\" said an industry expert.
\n
\nMany founders could create structures which could avail them the benefit of the tax holiday, and this could come under the intense scrutiny of the revenue department.
\n
\nBut, if you are a start-up, why take all that trouble?
\n
\"The levy of only MAT and not regular corporate tax is a good development as many profitable start-ups could see their tax outflow reduce from around 33 per cent to 20 per cent under some structures. However on the flip side, startups will be paying taxes the moment they start making book profits and so a lower MAT similar to that available for International Finance Centers would have been more welcome,\" said Rajesh H Gandhi, partner, tax, Deloitte<\/a> Haskins & Sells.
\n
\nEven then, taxation<\/a> rate going down from 33 per cent to 20 per cent under MAT could just be an attraction.
\n
\nYet, like most good schemes, there is a catch in this one too. Most of the start-ups make losses for a long time as their worth by investors is not judged on current profits.
\n
\nHowever, MAT has its own way of calculating taxation. MAT takes \"book profit\" in to account for taxation. Book profit is basically profit made (shown in P&L) and it disallows certain deductions which companies make before they arrive at net profit (or loss). In many cases, start-ups may be making book profit, but could incur net losses.
\n
The budget also allowed a tax holiday for investors who would invest in new start-ups setup between April this year till March end in 2019. However, this would mean that all the angel investors, Venture Capitalists and Private Equity<\/a> funds that have invested in start-ups, will not get any benefit.
\n
\n<\/p><\/body>","next_sibling":[{"msid":51249950,"title":"Retrospective tax not fully addressed in Budget 2016: UK investors","entity_type":"ARTICLE","link":"\/news\/retrospective-tax-not-fully-addressed-in-budget-2016-uk-investors\/51249950","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":51251909,"entity_type":"ARTICLE","title":"Budget 2016: Start-ups may rush in to take benefit of sops, MAT","synopsis":"Start-ups who tend to incur losses for years would be scrutinised on their \"book profit\" under MAT, even when they may have incurred net losses.","titleseo":"telecomnews\/budget-2016-start-ups-may-rush-in-to-take-benefit-of-sops-mat","status":"ACTIVE","authors":[{"author_name":"Sachin Dave","author_link":"\/author\/479239123\/sachin-dave","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479239123.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479239123,"author_name":"Sachin Dave","author_seo_name":"sachin-dave","designation":"Senior Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-03-04 12:02:15","lastupd":"2016-03-04 12:04:50","breadcrumbTags":["private equity","Taxation","Deloitte","MAT","startup","Enterprise Services","Budget2016"],"secinfo":{"seolocation":"telecomnews\/budget-2016-start-ups-may-rush-in-to-take-benefit-of-sops-mat"}}" data-news_link="//www.iser-br.com/news/budget-2016-start-ups-may-rush-in-to-take-benefit-of-sops-mat/51251909">
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