Tapping into the burgeoning BFSI market
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The Consumer & Retail sector is growing rapidly and is extremely dynamic. Due to constant disruption, managing business has become complicated and cumbersome.
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Our healthcare and life sciences advisory team brings together a combined experience of over 50 years to help businesses navigate through changes, new...
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At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our...
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M&E practice encompasses team of dynamic professionals with deep technical knowledge and extensive experience of working across segments say television, print,...
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Tailored service offerings to Not for Profit organisations and CSR compliance services for dynamic businesses
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At Grant Thornton, we assist dynamic Indian businesses in the Real Estate & Construction sector throughout their business life cycle by offering robust...
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Thought Leadership
Tax rates – How India stands on the global stage
01 Oct 2019Over the past five years, the government of India has brought in various tax and regulatory changes to attract investment while simultaneously bolstering growth.
A key tax development recently has been the promulgation of the Taxation Laws (Amendment) Ordinance, 2019 (Ordinance). The Ordinance significantly reduces the existing corporate tax rates (CTR) and Minimum Alternate Tax (MAT) rates.
Reduction in CTR had been a long-standing demand by the Indian corporate sector. It aligns the tax rates with those of several developed economies. It also makes India a very attractive investment destination particularly for setting up manufacturing operations.
This publication compares India’s tax rates with the tax rates in key economies.
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