Global Trade Alert
Global Trade Alert

India: Income tax for domestic companies reduced

Announcement

20 Sep 2019

India has reduced the income tax rate for domestic companies.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

20 Sep 2019

Revocation date:

No revocation date

Tax or social insurance relief In force

Effective 20 September 2019, India has through the Taxation Laws (Amendment) Act, 2019 reduced the basic income tax rates for domestic companies from 25-30% to 22%. The tax rate for foreign companies ...

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