India joins Asia tax-cutting war
Domestic companies will now pay 22% tax on their income
22 September 2019 - 00:07
India's government has stepped up efforts to repair economic growth with a surprise $20bn (about R300bn) tax cut, taking the rate for companies to one of the lowest in Asia.
Domestic companies will pay 22% tax on their income from April 1 2019, versus 30% previously, finance minister Nirmala Sitharaman said on Friday...
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