India: Finance (No.2) Bill 2024 withdrawing equalisation levy on non-resident digital service providers was passed by House of People
Description
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…
Scope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
platform intermediary: e-commerce, platform intermediary: other
Implementation Level
national
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
Hide details
2024-07-23
under deliberation
2024-08-01
in force
2024-08-07
under deliberation
2024-08-08
adopted