tax incentives: Govt may review tax sops offered to IFSC
The government may need to reconsider the tax incentives offered to units in the International Financial Services Centre (IFSC) in Gujarat due to the impact of Pillar Two of the Base Erosion Profit Sharing framework, according to a Deloitte report. Pillar Two aims to ensure that large multinational companies pay a minimum effective rate of tax of 15% on profits in all countries. Units in IFSC may not have enough employees and assets to avail of the benefits, so they will need to evaluate the ove...
Rohinton Sidhwa International Financial Services Centre Gujarat International Financial Tech City Pillar Two Of The Base Erosion Profit Pillar Two Base Erosion Profit Sharing
Source: indiatimes.com