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.
Indian government approval will be needed if a local company with shareholders from neighbouring countries such as China wants to list on exchanges registered in a new financial hub, according to. -January 24, 2024 at 07:09 am EST
- MarketScreener
NEW DELHI: The ruling Bharatiya Janata Party and the opposition Congress on Saturday clashed over the Gujarat government's decision to permit liquor i.