Budget Day Input Reinsurance companies Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the Budget Day Input Reinsurance companies By Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
“The FM has proposed a reduction in tax rates for foreign companies operating in India from 40% to 35%. This is a much-awaited change for the reinsurance companies operating through a branch office in India since 2017. The proposed change may not provide a level-playing field to the reinsurance branches with the domestic insurance companies (which continue to be taxed at a much lower rate) but will surely pave the path towards rationalising the tax rates for foreign companies operating in India.”
Above views are of the author and not of the website kindly read disclaimer
More News
Quote on the Interim Budget 2024 by Mr. Sandeep Das, MD & CEO - Centrum Wealth
