Govt. to roll out road map for corporate tax reduction

Industrial Sector Updates – Industrial Policy, Ease of Doing Business, etc.

Govt. to roll out road map for corporate tax reduction

Economics | :

Government in the next 45 days will unveil the road map of how it will go about reducing the corporate tax rate.
Plan is reduce it to 25% over 4 years, and eliminate the existing incentives and exemptions.

Though the effective rate of collection is 23% due to many exemptions but the base rate of 30% is much higher than global standards making our domestic industry uncompetitive.