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TAX EQUALISATION
Sunil Bharti Mittal to hand over Airtel to his children in 10 yrs, desires Bharti Telecom regains 51% stake in coTelecom leader Sunil Bharti Mittal intends to pass on Bharti Airtel's leadership to his children in the next ten years. He also aims for pr...- It's not just war that brought rupee down, it needs better supportThe West Asia conflict has accelerated INR depreciation, necessitating a rethink of India's economic fundamentals. Short-term measures incl...
- From $300 to $8,500 freight: West Asia war squeezes UP MSMEs, delays stretch to 60 daysExporters report shipment delays of up to 60 days, 20-30% cost escalation, and growing order uncertainty due to the West Asia conflict.
- Big Tech firms play it safe, await clarity before adjusting India taxesIndia has said it will allow US multinationals to reduce tax liability to the tune of 2% equalisation levy paid in India
- Crypto tax set to complicate life for the exchangesWhen crypto exchanges deduct 1% TDS, it will be recorded as “consideration” on their books, say tax experts. This in turn would attract a 2...
- 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 ...
- 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...
- 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...
- 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 ...
- Equalisation levy could make life more taxing for cryptocurrency buyers“In the absence of any guidelines on the treatment of crypto assets, there is ambiguity in how these would be treated under the tax laws an...
- More trouble for tech giants, as Italy set to follow India's example by introducing digital taxIndia was the first country to introduce a digital tax in the form of equalisation levy
- 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...
- 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...
- 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....
- 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...
- 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...
- 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.
- Equalisation levy to make apps purchased on Apple, Google platforms dearer by 8%The levy, a tax on cross-border digital transactions, will next be applied on mobile applications bought from companies such as Apple and G...
- 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...
- Equalising expatriates' tax with domestic staffHow do employers ensure that expatriate employees deputed to India do not pay more tax than what they would in their home country? Paresh P...
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