Multinationals want clarity on scope of equalisation levy after OECD dealIn 2020, the government had expanded the scope of the equalisation levy in a bid to tax internet giants' digital advertising revenues from ...
17 Oct, 2021, 07.42 AM IST
Equalisation levy on Facebook, Amazon, Google may go only in 2-3 yearsIndia gets about Rs 4,000 crore through equalisation levy on multinational tech firms like Facebook, Amazon, Apple, Google and Netflix, but...
11 Oct, 2021, 05.32 AM IST
Sword of double taxation hangs on Big Tech firmsBig Tech companies fear that India’s equalisation levy combined with similar digital tax regulations in countries such as the UK and France...
09 Aug, 2021, 06.00 AM IST
Netflix won’t pass on impact of 2% equalisation levy to India usersThe government broadened the scope of equalisation levy at 6%, first introduced in 2016, to include additional transactions. The definition...
06 Aug, 2021, 04.44 PM IST
Netflix's tariffs likely to stay same; won't pass on equalisation levy to customers this yearET had reported in its edition dated August 5 that Google's stance of passing on the 2% equalisation levy to all its clients, even if they ...
06 Aug, 2021, 12.06 AM IST
India’s equalisation levy: Will it ignite a new trade war?USTR’s report points out that: “India’s Digital services taxes is an outlier. It taxes numerous categories of digital services that are not...
08 Jan, 2021, 10.53 AM IST
Equalisation levy does not discriminate against US firms: IndiaIn a statement, the commerce and industry ministry said there is no retrospective element as the levy was enacted before the 1st day of Apr...
07 Jan, 2021, 08.03 PM IST
Catch-22 situation for e-commerce platforms selling goods in IndiaBeginning this April, the government has introduced a 2% equalisation levy which would also be applicable. The question is whether 2% has t...
09 Nov, 2020, 09.34 AM IST
No clarity on what happens in case of disputes in newly introduced equalisation levy: Dhruva Advisors“Provisions pertaining to equalisation levy on e-commerce transactions, do not grant recourse to the tax authorities to recover taxes in ca...
06 Nov, 2020, 09.49 AM IST
Apple passes on 2 per cent equalisation levy to Indian consumersWhenever “taxes or foreign exchange rates change, the company has to update prices on the App store,” Apple told its consumers on the site....
31 Oct, 2020, 07.08 AM IST
Govt makes it mandatory for foreign cos operating e-commerce platforms in India to have PAN"An e-commerce operator will be a "non-resident who owns, operates or manages digital or electronic facility or platform for online sale of...
30 Oct, 2020, 09.21 AM IST
MNCs could face double taxation or get tax arbitrage due to new digital transaction lawTax experts say lack of clarity around the levy means different companies were interpreting it in a different way. Some companies are being...
18 Jul, 2020, 07.48 PM IST
India calls for equalisation levy on digital transactionsIndia has made a strong case for the imposition of equalisation levy on digital transactions, relying upon a ruling by the American Supreme...
18 Jul, 2020, 06.57 AM IST
Big tech takes equalisation levy row to US govtA group of seven top industry associations representing internet and technology giants such as Google, Facebook, Amazon, Microsoft and Adob...
01 Apr, 2020, 11.32 AM IST
Google Tax could soon make even downloading apps on your smartphone a costly affair!While the Google tax is 6%, the actual burden could be about 7-8%, mainly due to the grossing up of taxes. Currently, it is applicable only...
08 Mar, 2017, 08.01 PM IST
Apple, Netflix, Microsoft, Amazon and IBM may have to pay 'Google Tax' in IndiaCloud computing companies and content providers may be needed to pay equalisation levy on their revenue from the next financial year.
17 Dec, 2016, 07.17 AM IST
Equalisation levy of 6% to come in force from June 1At present, equalisation levy is leviable only on payments relating to online advertisements, said C A Gupta, Partner, Deloitte Haskins and...
30 May, 2016, 10.24 PM IST