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India to Repeal Equalization Levy if International Consensus Reached on Taxation of the Digital Economy

|Proposed Changes|India
India

India's Joint Secretary of Tax Policy and Legislation, Kamlesh Varshney, has reportedly stated during the recent Pacific Rim Tax Conference 2019 that India's equalization levy would be repealed if international consensus is achieved on the taxation of the digital economy. The equalization levy, effective from 1 June 2016, applies at a rate of 6% on payments made to non-resident providers of online advertising ({News-2016-06-03/A/2-previous coverage}). Varshney also stated that international c…

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