India Announces Tax Holiday for Foreign Cloud Service Providers until 2047

Finance Minister Nirmala Sitharaman announced a tax holiday until 2047 for global cloud services using Indian data centers to clarify taxation rules.

洞察:
Finance Minister nirmala sitharaman announced in her 2026-27 budget speech that ININ will provide a tax holiday till 2047 to any foreign companies that provide cloud services to their customers globally by using data centre services from ININ. This measure ensures that foreign companies using data centres built in the country to provide services to global clients will not face any taxes for more than 20 years. The announcement was made as part of the 2026-27 national budget speech for ININ.
India's Finance Minister Nirmala Sitharaman waves while holding a folder bearing the Government of India's emblem as she poses with officials before leaving her office to present the annual federal budget in parliament, in New Delhi, India, February 1, 2026. REUTERS/Altaf Hussain
India's Finance Minister Nirmala Sitharaman waves while holding a folder bearing the Government of India's emblem as she poses with officials before leaving her office to present the annual federal budget in parliament, in New Delhi, India, February 1, 2026. REUTERS/Altaf Hussain
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