Latest Breaking News On - Global minimum tax rules - Page 1 : comparemela.com

The government may need to reconsider the tax incentives offered to units in the International Financial Services Centre (IFSC) in Gujarat due to the impact of Pillar Two of the Base Erosion Profit Sharing framework, according to a Deloitte report. Pillar Two aims to ensure that large multinational companies pay a minimum effective rate of tax of 15% on profits in all countries. Units in IFSC may not have enough employees and assets to avail of the benefits, so they will need to evaluate the overall tax impact in India after the implementation of Pillar Two rules.

Rohinton sidhwaInternational financial services centreGujarat international financial tech cityPillar two of the base erosion profitPillar twoBase erosion profit sharingGujarat international financial techPillar two globe rulesPillar two globeTax incentivesDeloitte reportGift cityFinancial hubGlobal minimum tax rulesEffective tax rate