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<h1>Tax on GDR income: specific levy on dividends and long term gains for resident individuals and certain employees.</h1> Taxation targets income and long term capital gains from Global Depositary Receipts acquired in foreign currency or transferred after acquisition, applying to resident individuals and employees in specified knowledge based industries and to GDRs issued under employee share schemes. The measure sets distinct tax treatment for dividends and long term gains, excludes indexation under the capital gains computation provisos for GDRs, and prescribes a rule for determination of exchange rates for conversion and reconversion of foreign currency for capital gains calculation.