59 Days
Source:
الاقتصادية
India shields foreign investments from taxes
India has implemented tax amendments aimed at protecting foreign investment funds from tax liabilities when directing their investments through India-based fund managers. This move is intended to enhance the market's attractiveness to international investors. The government has proposed removing the minimum size and diversification requirements within the "Safe Harbor" rules, allowing foreign funds to engage Indian investment managers without facing tax restrictions, provided Parliament approves these amendments. Additionally, the amendments reflect the government's intention to reduce the likelihood of foreign funds being taxed due to their commercial relationships in India, while ensuring safeguards such as preventing funds from holding significant control or exceeding 5% ownership by local investors. These modifications aim to improve the investment climate and facilitate the entry of foreign investors, amidst ongoing challenges faced by India due to larger foreign capital inflows compared to domestic ones.
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