India cuts effective corporate tax rate to 25.75% to revive investment

India’s effective corporate tax rate will be lowered to 25.75 percent from 30 percent, which would be at par with Asian peers. (AFP)
Updated 20 September 2019

India cuts effective corporate tax rate to 25.75% to revive investment

  • The government also scrapped the minimum alternative tax for domestic companies

PANAJI, India: Indian Finance Minister Nirmala Sitharaman announced a slew of measures on Friday to revive sagging investment in Asia’s third largest economy including a cut in corporate taxes.
Sitharaman told a news conference that the effective corporate tax rate will be lowered to 25.75 percent from 30 percent, which she said would be at par with Asian peers.
The government also scrapped the minimum alternative tax for domestic companies.


Egypt’s annual urban consumer price inflation fell to 4.2% in July

Updated 10 August 2020

Egypt’s annual urban consumer price inflation fell to 4.2% in July

  • Month on month inflation has increased in Egypt over the past month

CAIRO: Egypt’s annual urban consumer price inflation fell to 4.2% in July from 5.6% in June, the central statistics agency CAPMAS said on Monday.
Month on month inflation increased to 0.4% in July from 0.1% in June, the agency said.