India: Joint statement on extension of agreement on transition from existing Indian equalisation levy to new multilateral solution agreed by the OECD-G20 Inclusive Framework

Progress

Current status
adopted
30 Jun 2024 adopted

Scope

Implementers
India
United States of America
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Government Branch
executive
Government Body
central government
Implementation Level
bi- or plurilateral agreement

Timeline of events

30 Jun 2024
adopted

Announced extension of agreement on transition from existing Indian equalisation levy to new multilateral solution agreed by the OECD-G20 Inclusive Framework

On 30 June 2024, the US Department of the Treasury announced the extension of the agreement between the United States and India to transition from India's existing Equalisation Levy to the new multilateral solution established by the OECD-G20 Inclus…

Source
Event type declaration
Action type adoption
Government branch executive
Government body central government