India: Finance Act 2025 (No. 7) including abolition of equalisation levy on digital advertisement services enters into force
Description
Finance Act 2025 (No. 7) including abolition of equalisation levy on digital advertisement services enters into force
On 1 April 2025, The Finance Act 2025 (No. 7) entered into force, implementing the abolition of the 6% Equalisation Levy on online advertising services. The repeal is applicable to consideration for digital advertisement services arising on or after the specified date, with the primary impact being on non-resident service providers who had previously been subject to the levy.
Original sourceScope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
online advertising provider, platform intermediary: user-generated content, platform intermediary: e-commerce
Implementation Level
national
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
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2025-02-01
under deliberation
2025-03-25
under deliberation
2025-03-27
adopted
2025-03-29
adopted
2025-04-01
in force