India: Announced India-USA agreement on transitional approach for OECD/G20 Inclusive Framework Implementation of Pillar One
Description
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…
Scope
Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Implementation Level
bi- or plurilateral agreement
Government Branch
executive
Government Body
central government