India: Finance (No.2) Bill 2024 withdrawing equalisation levy on non-resident digital service providers was adopted by Council of States
Description
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…
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
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2024-07-23
under deliberation
2024-08-01
in force
2024-08-07
under deliberation
2024-08-08
adopted