The tax holiday for new businesses in GIFT City has been doubled from 10 years to 20 years.
GK and monthly revision
Budget 2026: India doubles tax holiday for GIFT City businesses to 20 years
The Indian government has doubled the tax holiday for new businesses in the GIFT City financial hub from 10 years to 20 years, aiming to attract global reinsurers and position it as a key gateway for international capital. After the tax-free period, companies will face a flat 15% tax rate, a significant advantage over the 35% rate elsewhere.
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Key points
Exam-ready takeaways
After the tax-free period, companies will face a flat 15% tax rate, compared to the 35% rate elsewhere.
This move aims to attract global reinsurers and position GIFT City as a key gateway for international capital.
GIFT City is a financial hub located in Gujarat, India.
The tax holiday and lower tax rate are part of the 2026 Union Budget of India.
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