No more royal treatment for Indian arms of MNCs as govt doubles tax on royalty, fee for technical services

Apart from hitting companies with parents in jurisdictions that do not have a tax avoidance treaty with India, the move also makes it possible for the government to impose the higher treaty rate of 15% on local arms of companies from the US, UK and other countries with whom India does have a tax treaty.

from Economy-News-Economic Times https://ift.tt/GjRH9lv
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