Search in

Home News India Needs Single Corporate Tax Rate Of 25 Report

Read more interesting news from around the globe with Indianmoney App

Google Play
News Image

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 The report titled "India: Redefining its growth path" observed that the Minimum Alternate Tax (MAT) should be withdrawn and Dividend Distribution Tax (DDT) should be replaced by the witholding tax.