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India, France Revise Tax Treaty to Boost $15B Trade

12/15/2025

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Summary

Story summary

Prime Minister Narendra Modi's government will lead India and France in revising their 1992 tax treaty to boost trade, which reached $15 billion last year.
The pact would halve dividend tax for Indian units to French parents and remove the capital gains threshold.
French firms with over 10% stakes in Indian firms would pay 5% dividend tax, while those under 10% would pay 15%.

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Story summary

Prime Minister Narendra Modi's government will lead India and France in revising their 1992 tax treaty to boost trade, which reached $15 billion last year.
The pact would halve dividend tax for Indian units to French parents and remove the capital gains threshold.
French firms with over 10% stakes in Indian firms would pay 5% dividend tax, while those under 10% would pay 15%.