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What is the Corporate tax rates for Pharmaceutical companies in India v/s United States?

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Corporate tax rates for Pharma Companies in India (2018): 25% for turnover below INR 250 crores. 30% for turnover above INR 250 Crores.

Corporate Tax rates India before 2018 – 30%

Corporate tax rates for Pharma Companies in United States (2018):  21%

Corporate Tax rates United States earlier – 35%

IMPACT of lower corporate tax rates of US on Indian Pharma Market

Since the tax has gone down drastically from 35% to 21%, Pharma Majors of India are looking forward to invest in USA for assets creation. This may be done by both Greenfield & Brownfield investment routes.

 

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