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...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?


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.