Tuesday, March 4, 2008

' the Government is relying on huge investments from the private sector'

‘Removal of double tax on dividends boost to infrastructure sector’

The biggest benefit that the latest Budget has conferred on the entire infrastructure sector is the removal of double tax on dividends, says Mr Kuljit Singh, Partner, Ernst & Young.
“As infrastructure projects are typically developed through SPVs (special purpose vehicles), removal of double taxation can lead to a saving of at least one level of dividend taxation (in the existing level of 16.995 per cent, including surcharge),” he explains in an e-mail interaction with Business Line.

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