Review of corporate income taxes in the SAARC region

This article reviews the corporate income taxes levied in the countries of the South Asian Association for Regional Cooperation (SAARC): Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka. After giving some background, the article considers the rationale for a corporate income tax and integration of the corporate and personal income taxes. The article then focuses on specific aspects of the corporate income tax in the SAARC countries - deductible and non-deductible expenses, depreciation, treatment of losses, tax rates, the minimum alternative tax and tax incentives.