13 August 2021

Client Summa Linguae Technologies - Destination India

Client Summa Linguae Technologies
Direction India

We recently mentioned what surprised us in India from the point of view of business culture, during the transaction of one of our clients.

And what is completely different in India than in Poland from the legal point of view?
- Taxes and Tax Refunds. The process of integrating the company takes at least a year, an additional complication is the shifted fiscal year. The financial year in India begins on April 1 and ends on March 31. The same dates apply to corporate tax. All corporations must complete an income declaration by October 31, even ift they have suffered losses. In Poland, the fiscal year ends at the end of December.