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India Planning to Expand Equalization Levy on Digital Service Payments

|Proposed Changes|India
India

India's Ministry of Finance is reportedly planning to launch consultations on changes to the country's equalization levy, which was introduced effective 1 June 2016 and is deducted at source at a rate of 6% on gross B2B cross-border payments for online advertising services if such payments exceeded INR 100,000 per year. Possible changes to the levy include increasing the rate to 8%, as well as …

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