India Moves to Extend Tax Break Apple Lobbied For
India has proposed extending tax breaks for foreign companies that supply machinery to their contract manufacturers until 2041. This move is seen as a win for Apple, which has been expanding iPhone production in the country and had lobbied against being taxed on its high-end iPhone machinery. The draft bill still needs to be passed by both houses of parliament to become law.
- ▪India has proposed extending tax breaks for foreign companies until 2041.
- ▪The exemption was previously set to run only until 2031.
- ▪Apple had lobbied against being taxed on its high-end iPhone machinery in India.
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| Original publisher | MacRumors |
| Canonical URL | https://www.macrumors.com/2026/08/03/india-moves-to-extend-apple-tax-break/ |
| Publication time | Mon, 03 Aug 2026 09:00:04 PDT |
| Retrieval time | 2026-08-03T16:00:46.727Z |
| Last seen | 2026-08-03T16:00:46.727Z |
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Opening excerpt (first ~120 words) tap to expand
India Moves to Extend Tax Break Apple Lobbied ForMonday August 3, 2026 8:59 am PDT by Hartley CharltonIndia has proposed extending tax breaks until 2041 for foreign companies that supply machinery to their contract manufacturers, handing a win to Apple as it expands iPhone production in the country, Reuters reports. Introduced in February, the exemption previously ran only until 2031, and Apple had long since lobbied against being taxed on the high-end iPhone machinery it owns in India. The draft bill still has to be passed by both houses of parliament. Tag: India[ 0 comments ]
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