India, US reach settlement on 2% equalisation levy on e-comm operators
The deal will also ensure that countries will withdraw unilateral measures like equalisation levy to tax these digital companies.
Source: businesstoday.in
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India to give up on equalisation levy from 2023 under new OECD tax deal
Conceding ground, India also settled for a re-allocation of only 25 per cent of non-routine profits of these entities above a 10-per cent margin, as against its stand for at least 30 per cent re-allocation, leaving little for New Delhi to gain.
Source: businesstoday.in
Breaking: India to give up on equalisation levy from 2023 under new OECD tax deal
Conceding ground, India also settled for a re-allocation of only 25 per cent of non-routine profits of these entities above a 10-per cent margin, as against its stand for at least 30 per cent re-allocation, leaving little for New Delhi to gain.
Source: businesstoday.in