On 24 March 2023, Indian Parliament approved the Finance Bill
with amendments. One of the critical amendments is on increase of
withholding tax rate from 10% (plus applicable surcharge and cess)
to 20% (plus applicable surcharge and cess) in respect of payments
to non-residents on account of Royalty and Fees For Technical
Services. This amendment would have a far-reaching impact on
Foreign Companies doing business in India.
Against this backdrop, Nexdigm is delighted to present to you a special webinar on Impact on Foreign Companies vis-a-vis Recent Change in Withholding Tax Rate.
Join us for this insightful webinar that can help you navigate your business with ease.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.