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.