TM Advantage Webinar - Taxation on digital business - Challenges posed by Equalization Levy
It was in 2016 that the equalisation levy of 6 per cent was first introduced on payment for online advertisements made to non-residents. This was a means to get companies such as Google and Facebook, which earn advertising revenues, into the tax net. In the Finance Act 2020, the scope of equalisation levy was expanded to include e-commerce supply of goods or services.
The battle-lines are now drawn between the government and multinational companies over their tax liability in India. What’s different this time is that the dispute involves non-resident e-commerce operators such as Amazon, Netflix and Flipkart.
In this webinar, we will discuss the basics of equalization levy,its impact on digital businesses and the amendments/discussions going on in the international front and their consequent impact.
This is a must attend for all digital businesses.