Regulatory Note™
India taxes foreign companies at 35%; domestic subsidiaries can elect 22%
The rate for foreign companies and branches fell from 40% to 35% from FY 2024-25; a domestic subsidiary can choose 22% under section 115BAA.
What changed on India, who it affects and what to examine next, with the sources behind every note.
The rate for foreign companies and branches fell from 40% to 35% from FY 2024-25; a domestic subsidiary can choose 22% under section 115BAA.