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taxes

NEW DELHI, MAY 28:   Indian tax laws are perceived to be second most complex in the Asia-Pacific region, becoming even less predictable over the last three years, a Deloitte survey has said.

India ranks only after China in having most complex jurisdiction for taxation and most complicated requirements of tax, the Asia Pacific Tax Complexity Survey conducted by Deloitte said.

Japan, Australia, Indonesia and South Korea trail India in the complexity index.

“In these two jurisdictions (China and India), well over half of the respondents believe complexity in the regime has increased in the last 3 years,” it said.