India: Finance (No.2) Bill 2024 withdrawing equalisation levy on non-resident digital service providers was signed by President
Description
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…
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
executive
Government Body
central bank
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