The Central Bank of Iran is allowing local financial institutions to issue credit cards for the first time in the Islamic Republic’s history, reports the Iranian Students’ News Agency (ISNA). Iran may loosen grip on foreign exchange to get more investment The full introduction of the cards could take some time as local banks will …
India: Tax system
Tax Rate Corporate tax rate Domestic companies and partnerships 30%; Foreign companies (and branches) 40% Surcharge Domestic companies at 5% if income above INR 10 million and 10% if income above INR 100 million; Foreign companies at 2% and 5% respectively Education Cess 3% (2% Education Cess and 1% Secondary & Higher Education Cess) Effective …
Start-ups can now take foreign currency loans via ECB route
Mumbai: The Reserve Bank of India (RBI) on Tuesday said it would allow start-ups to access foreign currency loans of up to $3 million a year under the external commercial borrowing (ECB) route, in a statement separate from the monetary policy review. Start-ups can raise up to $3 million either in rupees or in any …
Iran attracts $7Bilion through foreign investment after sanctions lift
According to Ahmad Jamali, CEO of Foreign Investment Organization of Iran, Iran has attracted $7 billion of investment from abroad since that the sanctions against Iran has been lifted. He added that Iran has no problem for transferring money. The banks and exchange houses that carried out the $7 billion transfers are mostly from Germany, …
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