India introduced measures to promote the country as an attractive business destination in its 2015 budget.
In its 2015 budget, India introduced measures to promote the country as an attractive business destination, such as deferring implementing GAAR and reducing the corporate tax rate to 25% (from 30%) over four years. These changes could be of interest to Canadian clients with investments in the country.
Among other changes, the 2015 budget:
India tabled the proposed amendments in parliament and will vote on the budget in May or June.
For more information, contact your KPMG adviser.
Information is current to March 10, 2015.
The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.
For more information, contact KPMG's National Tax Centre at 416.777.8500.