07 February 2018

India releases 2018-19 Union Budget

The Finance Minister of India presented the Union Budget for tax year 2018-19 (the Budget 2018) on February 1. The Budget 2018 includes, among others, proposals to reduce the 30% corporate tax rate to 25% for certain companies, introduce tax on long-term capital gains from listed securities, and expand domestic "business connection" thresholds.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2018-0269

Document ID: 2018-0269