EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Select your location
Local sites
EY on Budget 2025: consolidated sub-service tax alert
Delighted to present the EY Budget 2025 Alert, a comprehensive guide to the pivotal tax and policy changes proposed in the Union Budget 2025. This year's budget projects a Gross Tax Revenue growth of 10.8% and prioritizes capital expenditure with an allocation of INR 11.2 lakh crore for infrastructure, underscoring the government's dedication to strengthening our economic infrastructure.
- Corporate Tax Simplification: The upcoming income tax bill will streamline the tax code, with no change to corporate tax rates and extended exemptions to foster a stable investment climate.
- Merger Process Efficiency: Simplifying the merger process and extending fast-track approvals will likely boost corporate restructuring, promoting business agility and growth.
- Transfer Pricing and International Tax Alignment: Introducing block assessments for transfer pricing and expanding safe harbour rules are set to minimize compliance burdens and litigation.
- Customs and GST Reforms: Customs duty adjustments and clarified GST rules are aimed at boosting domestic production and simplifying trade processes, promoting economic growth.
- Personal Tax Relief: The budget brings a boon for low and middle-income taxpayers, with a significant focus on enhancing disposable income and stimulating consumption.
For a deeper dive into these updates, download the full the EY Union Budget 2025 Alerts.
Missed our webcast? Catch up on our YouTube channel. for detailed discussions.