https://www.taxtmi.com/article/detailed?id=11905 The article assesses how the Global Minimum Tax interacts with India's tax framework, noting that statutory rates, concessional regimes and taxes such as MAT, surcharge and cess will be treated as covered taxes for GloBE purposes. It explains that withholding taxes and incentive structures affect domestic ETRs, that MAT will not qualify as a QDMTT, and that the substance based income exclusion and jurisdictional blending across Indian entities can materially reduce or eliminate Pillar Two top up tax exposure. en-us Sat, 30 Sep 2023 08:28:59 +0530 Sat, 30 Sep 2023 08:28:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11905 The article assesses how the Global Minimum Tax interacts with India's tax framework, noting that statutory rates, concessional regimes and taxes such as MAT, surcharge and cess will be treated as covered taxes for GloBE purposes. It explains that withholding taxes and incentive structures affect domestic ETRs, that MAT will not qualify as a QDMTT, and that the substance based income exclusion and jurisdictional blending across Indian entities can materially reduce or eliminate Pillar Two top up tax exposure. Articles Other Topics Sat, 30 Sep 2023 08:28:59 +0530 https://www.taxtmi.com/article/detailed?id=11905