Announcement
23 Jul 2024
On 23 July 2024, the Indian finance minister announced certain amendments through the Financial Bill 2024 as part of the 2024-2025 annual budget.
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Number of interventions
3
2 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
16 Aug 2024
Revocation date:
No revocation date
Announced: 23 Jul 2024
FDI: Financial incentive
In force
On 23 July 2024, the Indian government through the "Finance (No. 2) Bill, 2024" announced an incentive for foreign firms by reducing the corporate income tax rate from 40% to 35%.
The Finance Minister...
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Implementation date
16 Aug 2024
Revocation date:
No revocation date
Announced: 23 Jul 2024
Tax or social insurance relief
In force
On 23 July 2024, the Indian government through the "Finance (No. 2) Bill, 2024" reduced the corporate income tax for foreign companies from 40% to 35%.
The Finance Bill was approved and notified on 16...
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Implementation date
24 Jul 2024
Revocation date:
No revocation date
Announced: 23 Jul 2024
Import tariff
In force
On 23 July 2024, the Indian government through the "Finance (No. 2) Bill, 2024" increased the customs duty on the imports of the following goods -
garden umbrellas (HS 6601.10) from 20% to "20% or I...
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