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India Estonia Double Tax TreatySeptember 2011 India and Estonia signed on September 19 a new double tax treaty, DTA, to boost the bilateral economic ties between the countries. The two countries also signed an agreement for cooperation in the fields of information, communication and technology, education and e-governance. India 2010 Tax UpdateJune 2010 There are some significant changes compared to 2009. The previous 10% surcharge was abolished for individuals and reduced for domestic companies from the previous 10% to 7.5%. Personal income tax rates of 10%-30% remain unchanged while the exempt income band increased from INR 150,000 to INR 160,000.The threshold for wealth tax imposed on individuals increased from INR 1.5 million to INR 3 million. India Albania Double Taxation TreatyJanuary 2009 The Indian government approved on January 29, 2009 an agreement for double taxation treaty between India and Albania. The agreement will be signed in due course and enter in force after completion of the procedures required by both countries. The agreement aims to stimulate the flow of capital and technology between the two countries and contribute to the tax stability and mutual cooperatin. Source :India Press Information Bureau pib.nic.in. India Tax Rates 2008February 2008 There are no significant changes in the Indian tax rates in 2008. Personal income tax rates are 10%-30% , before a 10% surcharge and a 3% education tax, CESS. India's corporate tax rate in 2008 is 30% for local companies and 40% for foreign companies, before a 10% surcharge, depending on the income sum and a 3% CESS. The standard VAT rate in 2008 is 12.5%.There are also reduced rates of 4% and 1% . |
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