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The Income Tax (Transfer Pricing Rules) 2023 The Income Tax (Transfer Pricing Rules) 2023
Transfer Pricing Update
Tax Alert Key Highlights - Finance Act 2020
Section 4 of the Finance Act 2020, introduces a minimum tax regime of 1%. There will be a minimum tax of 1% tax applicable on the gross revenue made by a business whose installment taxes for the year of income is less than that of minimum tax. The Minimum Tax shall also be applicable on gross incomes not specifically exempt under the First Schedule of the ITA.