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Minimum Alternate Tax (MAT) not applicable to Foreign Institutional Investors / Foreign Portfolio Investors (FIIs/ FPIs)

Global Tax Update:September 2015/India

The Indian Government has accepted the recommendations of the A. P. Shah Committee which recommended that MAT should not be applicable to FIIs or FPIs even for the period before 1 April 2015. (Global Tax Update:September 2015/India)

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1. Minimum Alternate Tax (MAT) not applicable to Foreign Institutional Investors / Foreign Portfolio Investors (FIIs/ FPIs)

The Indian Government has accepted the recommendations of the A. P. Shah Committee which recommended that MAT should not be applicable to FIIs or FPIs even for the period before 1 April 2015.

2. Additional clarifications issued for the Black Money Act

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BMA) received the assent of the President of India on 26 May 2015. With this, BMA has become applicable from 1 July 2015.


>> Click for Japanese [最低代替税(MAT)-外国機関投資家・外国ポートフォリオ投資家には適用されず ほか]

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