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EQUALISATION LEVY REMOVAL
India to end digital services tax, cut agri & industrial tariffs: USIn a major trade agreement with the United States, India is set to abolish its digital services tax, a significant step that could enhance ...- Groww’s pre-IPO dough; Big Tech’s India winHappy Wednesday! IPO-bound Groww is shoring up new funds as it doubles its valuation. This and more in today’s ETtech Morning Dispatch.
- Removal of 6% levy can help US and us as companies think globalIndia’s plan to remove the 6% equalisation levy on digital ads will ease compliance burdens, improve India-US trade ties, and lower ad cost...
- Monsoon session to take up new IT BillFinance Minister Nirmala Sitharaman indicated that the new income tax bill will be addressed in the upcoming monsoon session of Parliament....
- Google tax to go; fintechs' new industry bodyIndia will do away with the Google tax to appease Donald Trump as reciprocal tariffs loom. This and more in today’s ETtech Top 5.
- India proposes to remove 6% Google tax from April 1, a day before Trump's retaliatory tariffs come into effectIndia plans to remove the 6% equalisation levy on online advertisement services from April 1 to likely placate US President Trump amidst on...
- Trump effect? Why the government wants to do away with the equalisation levy or Google taxThe government plans to remove the 6% equalisation levy, or "Google tax," on online ads from April 1, 2025, amid US pressure. The move aims...
- Govt proposes to abolish Equalisation Levy on online advertisementsThe government has proposed abolishing the Equalisation Levy on online advertisements and making amendments to the Finance Bill 2025. This ...
- With 2% levy abolished, overseas digital companies can breathe easyDesigned to provide a level playing field for Indian ecommerce companies liable to local tax laws, the levy had grown to be a major point o...
- Focus is on creating jobs, giving a lift to small biz & middle class: Nirmala SitharamanTarget set Finance Minister, who presented her 7th budget in a row, talks about what government seeks to achieve.
- Tax experts welcome scrapping 2% equalisation levy on foreign digital service providersSome, however, say it could hurt Indian companies offering services such as online travel bookings. The tax aimed at providing a level play...
- MNCs in India fret as US yet to ratify global tax dealTax experts say the international tax treaty, which Republicans strongly oppose and requires a two-thirds majority in the US Senate to pass...
- ETtech Budget Watch: tech wants safe harbour rates, APA timelinesIT industry lobby group Nasscom urged the government to notify safe harbour rules for entities with a turnover of up to Rs 1,000 crore
- Negotiations on global tax regime would be completed on time: Pascal Saint-Amans, director-tax, OECDSaint-Amans expressed confidence that negotiations would be completed on time on global tax regime and the allocation key favoured India.
- Proposed global tax regime will benefit India: Pascal Saint-Amans, director-tax, OECDEarlier this month, 130 countries and jurisdictions signed an agreement to reform international tax rules and ensure that multinational ent...
- G7 proposal on MNC tax: India wants wider ambitIf the proposal is accepted, India would have to remove the 2% equalisation levy on sales of digital multinationals even as the current pro...
- US retailers, food, apparel cos oppose retaliatory tariffsAt least four US industry associations have opposed a move to impose additional tariffs on Indian goods in retaliation to the equalisation ...
- ET Analysis: Google India paid Rs 604 crore equalisation levy in FY20In India, a 6% equalisation tax is levied on gross payments received by global digital companies from Indian residents for online advertisi...
- Allow LTCG relief on stocks held for 3 years, brokers urge FMStakeholders request finance ministry to withdraw dividend distribution tax
- Google Tax will vex Indian startups moreWhile the levy is aimed at indirectly taxing internet giants such as Google and Facebook for the money they make from Indian advertisers, a...
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