Apple’s contract manufacturing tax breaks in India could be extended to 2041
Apple could get a major tax boost in India According to the report, India is moving to extend a tax break that is currently set to expire in 2031 until 2041. The exemption prevents foreign companies from becoming liable for Indian income tax simply because they own equipment used by contract manufacturers in the country. Here’s Reuters: The extended tax exemption will apply to manufacturers of mobile phones, tablets, laptops, hearing and wearable electronic devices, according to the draft bill that will have to be passed by the lower and upper houses of parliament.
- ▪Apple could get a major tax boost in India According to the report, India is moving to extend a tax break that is currently set to expire in 2031 until 2041.
- ▪The exemption prevents foreign companies from becoming liable for Indian income tax simply because they own equipment used by contract manufacturers in the country.
- ▪Here’s Reuters: The extended tax exemption will apply to manufacturers of mobile phones, tablets, laptops, hearing and wearable electronic devices, according to the draft bill that will have to be passed by the lower and upper houses of pa
2 outlets in our directory ran this story, first to last over 5 hours. All of the coverage we found sits in one bucket: centre. That one-sidedness is itself worth noticing.
- ▪ India Moves to Extend Tax Break Apple Lobbied For — MacRumors
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| Publication time | Mon, 03 Aug 2026 20:30:51 +0000 |
| Retrieval time | 2026-08-03T20:35:43.136Z |
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