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India: Finance (No.2) Bill 2024 withdrawing equalisation levy on non-resident digital service providers

Progress

Current status
adopted
16 Aug 2024 adopted
08 Aug 2024 adopted
07 Aug 2024 under deliberation
01 Aug 2024 in force
23 Jul 2024 under deliberation

Scope

Implementers
India
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
platform intermediary: e-commerce
platform intermediary: other
Government Branch
executive
legislature
Government Body
central bank
parliament
central government
Implementation Level
national

Timeline of events

16 Aug 2024
adopted

Finance (No.2) Bill 2024 withdrawing equalisation levy on non-resident digital service providers was signed by President

On 16 August 2024, the Finance (No.2) Bill 2024 received assent from the President of India. The Bill withdraws the existing 2% equalisation levy requirement on non-resident digital service providers. The Finance Act of 2020 expanded the equalisatio…

Source
Event type law
Action type signing
Government branch executive
Government body central bank
08 Aug 2024
adopted

Finance (No.2) Bill 2024 withdrawing equalisation levy on non-resident digital service providers was adopted by Council of States

On 8 August 2024, the Finance (No.2) Bill 2024 was adopted by the Council of States. The Bill withdraws the existing 2% equalisation levy requirement on non-resident digital service providers. The Finance Act of 2020 expanded the equalisation levy t…

Source
Event type law
Action type adoption
Government branch legislature
Government body parliament
07 Aug 2024
under deliberation

Finance (No.2) Bill 2024 withdrawing equalisation levy on non-resident digital service providers was passed by House of People

On 7 August 2024, the Finance (No.2) Bill 2024 was passed by the House of People. The Bill withdraws the existing 2% equalisation levy requirement on non-resident digital service providers. The Finance Act of 2020 expanded the equalisation levy to e…

Source
Event type law
Action type passage
Government branch legislature
Government body parliament
01 Aug 2024
in force

Finance (No.2) Bill 2024 withdrawing equalisation levy on non-resident digital service providers entered into force

On 1 August 2024, the Finance (No.2) Bill 2024 entered into force. The Bill withdraws the existing 2% equalisation levy requirement on non-resident digital service providers. The Finance Act of 2020 expanded the equalisation levy to e-commerce opera…

Source
Event type law
Action type implementation
Government branch executive
Government body central government
23 Jul 2024
under deliberation

Finance (No.2) Bill 2024 withdrawing equalisation levy on non-resident digital service providers was introduced to House of People

On 23 July 2024, the Finance (No.2) Bill 2024 was introduced to the House of People. The Bill withdraws the existing 2% equalisation levy requirement on non-resident digital service providers. The Finance Act of 2020 expanded the equalisation levy t…

Source
Event type law
Action type introduction
Government branch legislature
Government body parliament