India Issues Notification on Patent Box Regime Application
India's Central Board of Direct Taxation has issued Notification No. 25/2017 concerning the country's patent box regime, which was introduced as part of the Finance Act, 2016. The regime, which is based on the BEPS modified nexus approach, provides for a concessional tax rate of 10% on royalty income derived by Indian residents from patents developed and registered in India. For this purpose, "…
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