The announcement of the abolition of dividend distribution tax (DDT) in the Union Budget 2020 has brought cheers for the dividend-rich multinational companies especially the ones that were planning to expand and diversify their operations in India.
Some of the affected countries like Japan whose companies were paying DDT at the rate of 20.56 percent despite Double Taxation Avoidance Agreement (DTAA) provisioning a maximum of 10% tax on dividends through withholding tax, will greatly benefit from April 1 when the new DDT regime gets effective. Read more...
Comments
Post a Comment