PAN related to NR

[Madhu Rima]

Hi

Our HO started its operations in India through its liaison office. It got PAN for operating its laison office later on company started its own indian subsidiary. It is in the process of closing indian laison office. Now we would like to make payments to our holding company in Germany.Ehich pan we have to use and whether I will get a pan for foreign company as foreign company.

Now what to do please advise

Regards

Madhurima

AI Summary

PAN for foreign company: which PAN to use for cross-border payments and eligibility of nonresident entities for PAN. Whether the Permanent Account Number (PAN) to be quoted for cross-border remittances should be the PAN issued to an Indian liaison office or the PAN of a separate Indian subsidiary, and whether the foreign holding company in Germany can obtain a PAN as a foreign entity. The head office commenced Indian operations through a liaison office which obtained a PAN, an Indian subsidiary was later formed, the liaison office is being closed, and payments will be remitted to the German holding company.