02 August 2019 India enacts tax increase applicable to non-corporate foreign investors in Indian securities The President of India signed into law Finance (No. 2) Bill, 2019 on August 1, 2019. The bill increases the tax rates applicable to, inter alia, non-Indian investors, other than entities deemed to be "companies" or "partnership firms" under Indian law, that have invested in public and non-public Indian securities. For more information on the bill, see Tax Alert 2019-1396.
Document ID: 2019-1404 | |||||||||||||
