The Foreign Corrupt Practices Act of 1977 ("FCPA"), is a US law and was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business.
The FCPA applies to two broad categories of persons: those with formal ties to the United States and those who take action in furtherance of a violation while in the United States.
Similarly, Canada has enacted the Canadian Corruption of Foreign Public Officials Act (CFPOA) for implementing its obligations under the UN Convention against Corruption. The UK and EU too have their own anti-bribery laws and conventions which establish company liability for corrupt acts committed by persons acting on behalf of the company.
Our awareness training is typically a half-day session; it covers the important requirements of the above laws and sensitises the business managers about the serious consequences of its non-compliances.
5th February, 2024
There are no changes in direct and indirect tax rates. The interim budget proposes to withdraw outstanding disputed direct tax demands up to Rs.25,000 pertaining to the ...
1st December, 2023
The Income Tax Department has recently launched a new feature called 'Discard Return'. This feature allows an individual to completely discard, i.e., delete their previo...
27th October, 2023
Guidelines for removal of difficulties under sub-section (2) of section 194R of the Income tax Act, 1961