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
See MoreIndia, 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
See MoreBarbados 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
See MoreIndia 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
See MoreIndia 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%,
See MoreIndia 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)
See MoreUS 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
See MoreUS announces 25% tariff on India, cites trade barriers and Russian ties
The new tariffs will enter into force on 1 August 2025. The Trump Administration will impose 25% tariffs on Indian imports, citing India's high tariffs, trade barriers and ongoing defence and energy ties with Russia. US President Donald Trump
See MoreIndia–EFTA trade agreement enters into force
India signed the agreement with EFTA member states on 10 March 2024. The trade and economic partnership agreement between the European Free Trade Association (EFTA) member states (Iceland, Liechtenstein, Norway, and Switzerland) and India will
See MoreIndia: CBDT launches nationwide drive to crack down on false income tax deduction and exemption claims
The income tax department has begun a large-scale verification to detect and act against fraudulent claims of deductions and exemptions in income tax returns. India’s Central Board of Direct Taxes (CBDT) initiated a nationwide verification
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Sri Lanka: Parliament approves protocol to 2013 tax treaty with India
The Sri Lankan Parliament approved the amending protocol to its 2013 income tax treaty with India on 2 July 2025, following its signing on 16 December 2024. The Parliament of Sri Lanka approved the protocol to the 2013 income tax treaty with
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India, Oman tax treaty protocol enters into force
India and Oman have implemented the first amending protocol to their 1997 tax treaty, introducing BEPS-aligned measures, reduced withholding tax rates, and updated provisions on residency, non-discrimination, and information exchange. The
See MoreIndia: Government approves scheme to boost domestic EV production
India launches a scheme to boost EV manufacturing, attracting global investments with reduced import duties and a minimum INR 4,150 crore commitment. India’s government has approved a forward-looking scheme to promote the domestic manufacture
See MoreIndia: Government restores RoDTEP benefits for AA, SEZ, and EOU exports
India restores RoDTEP benefits for AA, EOU & SEZ exporters from 1 June 2025 to boost competitiveness. The Government of India has announced the restoration of benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP)
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