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المشهد العربي
India considers extending tech tax benefits
The Indian government is considering extending the tax exemptions granted to foreign companies supplying local factories with manufacturing equipment until 2041, in order to support the expansion of major technology companies like Apple and Google in India. The new amendments to income tax laws include expanding the scope of incentives to cover smartphones, laptops, tablets, and servers, instead of ending as previously scheduled in 2031. These policies help reduce investment costs and encourage the purchase of manufacturing equipment locally, thereby enhancing companies' ability to compete in the Indian market.
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