Global Tax Compliance for Startups Expanding in 2025 – US, UK & India Guide Expanding a startup internationally is exciting but also comes with complex tax obligations . Understanding global tax compliance is crucial to avoid penalties, ensure smooth operations, and leverage tax benefits. This guide focuses on US, UK, and Indian regulations that every startup planning international expansion in 2025 should know. 1. US Tax Compliance for Foreign Startups For startups entering the US market, the first step is to obtain an Employer Identification Number (EIN) — a unique identifier for business taxes. Compliance includes: Federal and State Taxes: Depending on your entity type (C-Corp, LLC, or partnership), you may need to file separate federal and state tax returns. International Reporting: Foreign-owned entities must comply with FATCA (Foreign Account Tax Compliance Act) and may need to file Form 5471 if owning a US entity. Withholding Taxes: Payments made to...

  Income Tax 2025-26: What You Must Know About the New Tax Slabs & Reliefs In the Union Budget 2025-26 , the Indian government introduced major changes in income tax rates, slabs, and rebates. For salaried individuals and other taxpayers, these updates bring significant relief—especially to the middle class. If you haven’t caught up yet, here’s everything you need to know + what actions to take. Key Changes Announced (Effective from April 1, 2025) New Tax Slabs under the New Tax Regime Income up to ₹4,00,000 → Nil (0%) tax. ClearTax +2 The Economic Times +2 ₹4,00,001–₹8,00,000 → 5% The Economic Times +2 Business Today +2 ₹8,00,001–₹12,00,000 → 10% The Economic Times +2 Business Today +2 ₹12,00,001–₹16,00,000 → 15% The Economic Times +1 ₹16,00,001–₹20,00,000 → 20% The Economic Times +1 ₹20,00,001–₹24,00,000 → 25% The Economic Times +1 Above ₹24,00,000 → 30% The Economic Times +1 Zero Income Tax for Incomes up to ₹12 Lakh Via increase in r...

  Major GST Overhaul 2025: What Every Business Needs to Know India has just entered a new chapter in its Goods & Services Tax regime. Following the 56th GST Council meeting, sweeping changes called GST-2.0 are being introduced from September 22, 2025 . These reforms aim to simplify the tax structure, reduce tax burden on everyday goods, and boost consumption. For businesses of all sizes, adapting quickly to these changes is critical. Below is what has changed, who stands to benefit (and who may be impacted), and what you should do to stay compliant. What’s New Under GST-2.0 Here are the key reforms enacted: Simplified Tax Slabs Reduction from four main GST slabs to just two standard slabs (5% and 18%), with a special 40% slab for luxury/sin goods. Press Information Bureau +2 ClearTax +2 Exceptions such as cigarettes, gutkha, unmanufactured tobacco, etc., continue under separate notification and may follow their own schedule for changes. The Times of India +2 The...

  GST Compliance Guide for Businesses in India – Everything You Must Know Since the introduction of the Goods and Services Tax (GST), businesses in India have had to follow a unified tax system that impacts almost every transaction. Whether you are a startup, SME, or established enterprise, GST compliance is crucial to avoid penalties and ensure smooth business operations. In this blog, we’ll cover a complete GST compliance checklist for businesses and share key insights every entrepreneur must know. 🔑 What is GST? GST (Goods and Services Tax) is a destination-based indirect tax applicable on the supply of goods and services. It has replaced multiple indirect taxes like VAT, Service Tax, and Excise Duty, making the system more transparent and business-friendly. ✅ GST Compliance Checklist for Businesses 1. GST Registration Mandatory if turnover exceeds ₹40 lakhs (goods) or ₹20 lakhs (services) . Compulsory for inter-state suppliers, e-commerce sellers, and exporte...

  Startup Compliance Checklist for New Entrepreneurs Starting a business is an exciting journey, but along with innovation and growth, compliance plays a critical role in ensuring smooth operations and long-term success. For new entrepreneurs, overlooking compliance can lead to penalties, legal issues, and reputational damage. To help you stay ahead, here’s a Startup Compliance Checklist you must follow: 1. Business Registration Choose the right structure: Proprietorship, Partnership, LLP, or Private Limited Company. Register with the Ministry of Corporate Affairs (MCA) or other relevant authorities. Obtain incorporation documents (CIN, PAN, TAN, etc.). 2. Tax Registrations PAN & TAN: Essential for income tax and TDS compliance. GST Registration: Mandatory if turnover exceeds prescribed limits or if you are engaged in interstate supply/e-commerce. Professional Tax: Required in some states. 3. Intellectual Property Protection Register your tra...