For many people in India a mobile phone represents their sole means of accessing the internet. Rupak De Chowdhuri / Reuters
For many people in India a mobile phone represents their sole means of accessing the internet. Rupak De Chowdhuri / Reuters
For many people in India a mobile phone represents their sole means of accessing the internet. Rupak De Chowdhuri / Reuters
For many people in India a mobile phone represents their sole means of accessing the internet. Rupak De Chowdhuri / Reuters

India hits one billion mobile phone subscribers


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India notched up its billionth mobile phone subscriber in October, the country’s telecoms regulator said, underscoring the importance of its fast-growing mobile market, the world’s second-largest after China.

Mobile phone subscriptions have boomed in India in recent years as aggressive cost-cutting by telecoms providers has driven down prices, leading to some of the cheapest tariffs in the world.

The number of mobile subscribers rose by nearly 7 million in October from the previous month to surpass one billion, the Telecom Regulatory Authority of India said Wednesday, hitting a milestone that China reached in 2012.

"It is a matter of great pride for us. It shows an empowered India and an engaged India and a tech-savvy India," communications and IT minister Ravi Shankar Prasad told the Times of India newspaper.

“It will mean more data, more government-to-government connectivity, more broadband,” he said.

The figures do not indicate that India has one billion individual mobile phone users, however, as many people have more than one connection.

And in poorer Indian states such as Bihar, “teledensity” – the penetration of telephone connections for every hundred people – is as low as 54 per cent, the telecoms regulator said.

For many people in India a mobile phone represents their sole means of accessing the internet, as smartphones leapfrog desktops as the most common way of getting online.

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Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer