India: India-USA Agreement on transitional approach for OECD/G20 Inclusive Framework Implementation of Pillar 1
Progress
Current status
in force
28 Nov 2021 in force
24 Nov 2021 under deliberation
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
Implemented India-USA agreement on transitional approach for OECD/G20 Inclusive Framework Implementation of Pillar One
On 28 November 2021, the United States Trade Representative (USTR) terminated the additional duties imposed on the products from India. The USTR announced the Termination of Action in the Digital Services Tax Investigation of India and Further Monit…
SourceEvent type
treaty
Action type
implementation
Government branch
executive
Government body
central government
Announced India-USA agreement on transitional approach for OECD/G20 Inclusive Framework Implementation of Pillar One
The India and USA have agreed that the "Equalisation levy" on e-commerce supply of services will be removed when the OECD/G20 Inclusive Framework Implementation of Pillar One will be fully implemented. Moreover, the levy paid between 1 April 2022 a…
SourceEvent type
treaty
Action type
announcement
Government branch
executive
Government body
central government