Brazil, India tax treaty protocol enters into force
This protocol to the tax treaty will enter into force on 18 October 2025. The amending protocol to the tax treaty between Brazil and India (1988), as amended by the 2013 protocol, will enter into force on 18 October 2025. This protocol,
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India: CBDT further extends income tax returns (ITRs) deadline for AY 2025–26
The filing deadline has been further extended by one day. India’s Central Board of Direct Taxes (CBDT) has announced another extension for filing Income Tax Returns (ITRs) for the Assessment Year 2025-26. Initially, the deadline was set
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Brazil: National Congress ratifies tax treaty protocol with India
This protocol is the second modification to the 1988 Brazil-India tax treaty. Brazil’s National Congress has ratified the amending protocol to its 1988 tax treaty with India through Legislative Decree No. 200, which was issued on 11 September
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Brazil: Senate approves tax treaty protocol with India
This protocol is the second modification to the 1988 Brazil-India tax treaty. Brazil’s Senate (the Upper House of the National Congress) gave its approval to ratify a protocol amending the 1988 tax treaty with India on 10 September
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India cuts GST on solar, wind equipment
The GST on solar and wind equipment has been lowered to 5%, reducing project costs. India’s government reduced the GST on solar photovoltaic modules and wind turbine generators from 12% to 5%, effective 3 September 2025. The move is part of
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India announces ‘next-generation GST’
The aim is to simplify India’s indirect tax framework, improve ease of doing business, and make goods and services more affordable for citizens across all sectors. The new rates are set to come into effect on 22 September 2025. The Press
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India to cut GST on consumer goods and hybrid cars
India plans to cut GST on 175 products, including consumer goods, small cars, and export items, to boost domestic consumption and support manufacturers. India plans to reduce the goods and services tax (GST) on about 175 products, including
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India: Trump says zero tariffs offered on US goods
India offers to cut tariffs on US goods to zero, Trump calls trade “one-sided.” US President Donald Trump said on 1 September 2025 that India had offered to reduce tariffs on American goods to zero. He described the trade relationship
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India, Belgium amending protocol to tax treaty enters into force
The Protocol expands the existing framework for exchanging tax information, aiming to reduce tax evasion and avoidance between the two countries while also facilitating mutual assistance in tax collection. The amending protocol to the 1993
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US: 50% tariffs on Indian imports enters into force
US to impose extra 25% tariffs on Indian imports from 27 August 2025, raising total duties to 50%. The US’ tariffs on Indian imports under Executive Order 14329 is taking effect today, 27 August 2025, starting 12:01 AM EDT. Most Indian
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India defends trade negotiations as US tariffs loom
India’s Foreign Minister says trade talks with the US are continuing, but New Delhi will defend key “redlines” as additional tariffs of up to 50%. India’s Foreign Minister Subrahmanyam Jaishankar stated on 23 August 2025 that trade
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Barbados seeks tax and investment deals with India
Barbados plans its first income tax treaty and investment protection agreement with India. Barbados has expressed its interest in negotiating an income tax treaty and an investment protection agreement (IPA) with India. The announcement came
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India introduces Pillar Two disclosure requirements under national accounting standard
India has amended Ind AS 12 to align with International Accounting Standard 12 and introduce new disclosure requirements for the OECD’s Pillar Two global minimum tax. India’s Ministry of Corporate Affairs has issued the Companies (Indian
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India to cut GST on small cars, health and life insurance premiums
The government proposed cutting GST on small cars from 28% to 18% and reducing GST on health and life insurance premiums to as low as 5% or zero. India’s government has proposed reducing the Goods and Services Tax (GST) on small cars from 28%
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India plans to slash GST rates
India to cut consumption tax by October, introducing a two-tier GST system of 5% and 18%, affecting most items in the current 12% slab. India’s government will reduce consumption tax by October, introducing a two-tier GST system of 5% and 18%,
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India to reduce GST by Diwali
India plans to simplify GST and lower taxes on common goods by Diwali. Indian Prime Minister Narendra Modi announced today, 15 August 2025, that the government will introduce “next generation” reforms in the Goods and Services Tax (GST),
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India: Lower house approves higher standard deductions, pension exemptions, incentives for Saudi investment funds
Lok Sabha approves Taxation Laws (Amendment) Bill 2025, proposing higher standard deductions, pension exemptions, and incentives for Saudi investment funds. The Lok Sabha, India’s Lower House of Parliament approved the Taxation Laws (Amendment)
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US imposes 50% tariffs on India for Russian oil trade
President Trump imposed an additional 25% tariff on top of the existing 25% tariff on Indian goods, citing India’s high tariffs, trade barriers, ties with Russia, and imports of Russian oil. US President Donald Trump issued an executive order
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