Following a meeting of the F1 Commission in Belgium, decisions have been made on whether or not to proceed with a tyre blanket ban. One of the issues up for discussion at this weekend’s meeting of the ...

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In a major setback, India will have to give up on its much-contentious equalisation levy or the so-called ‘Google Tax’ as part of the global tax deal agreed by 136 countries late on Friday. It is part ...

On October 8, 2021, a “landmark” deal was reached amongst more than 130 countries where the broad contours of Two Pillar Solution to Address the Tax Challenges arising from the Digitization of the ...

The equalisation levy, popularly known as the ‘Google Tax,’ will likely hit more foreign companies and not just the top players. During the Union Budget 2021 on Monday, the government announced ...

Finance Minister Nirmala Sitharaman on Tuesday clarified that foreign companies will not have to pay equalisation levy on goods that are sourced from India. “Through the amendment I am moving today, I ...

The government on Monday proposed to abolish the Equalisation Levy or digital tax on online advertisements from April 1, a move that will benefit advertisers on digital platforms like Google, X and ...

The National Assembly during one of the sessions. For the past nine years, more than Sh18 billion meant for the provision of such services under the equalisation fund has been lying idle at Treasury ...