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India needs single corporate tax rate of 25%: Report

Monday, August 26, 2019, 9:38 PM

The Indian government should move towards a simple tax structure with a single corporate tax rate of 25%, without any surcharge or cess above it, global advisory KPMG has said in a report. The report titled "India: Redefining its growth path" observed that the Minimum Alternate Tax (MAT) should be withdrawn and Dividend Distribution Tax (DDT) should be replaced by the witholding tax.