India slashes corporation tax rates for domestic companies

clock • 1 min read

The Indian government has implemented a reduction to the corporate income tax rate for domestic firms from 25-30% to 22%. Corporate income tax is currently charged at 25% for companies which report a turnover of less than 4bn rupees ($57m), and at 30% for larger firms. The surprise announcement was absent from this year's federal budget, and is aimed at kick-starting a slowing economy.  Foreign investors' interest income will now be subject to the higher surcharge of 25% to 37%, with...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.