Global minimum tax effect: MCA’s new rule to raise effective tax rates for Indian multinationals abroad

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The Ministry of Corporate Affairs has amended Ind AS 12 (Income Taxes) to align with OECD’s Pillar Two global minimum tax from April 1, 2025. By ending deferred tax accounting for top-up taxes, the move raises two questions: how exposed are Indian multinationals, and how should CFOs prepare?

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Global minimum tax effect: MCA’s new rule to raise effective tax rates for Indian multinationals abroad

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