Corporate Tax

Effective tax on firms still high

No-image

“Considering tax on dividend, the combined tax on profits in India is still on the higher side when compared to China and Southeast Asian countries. As companies pay dividend distribution tax, foreign companies with subsidiaries in India don not get tax credit in their home country, making India a high-tax regime for global multinationals,”

Vikas Vasal
Partner, Grant Thornton India LLP

This article appeared in Business Standard on 27th Sep, 2019.