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June 29, 2024 10:07 AM

India and USA extend agreement on equalisation levy until June 30

India and the United States have agreed to extend their transitional agreement on the Equalisation Levy until June 30. This decision comes after both countries initially joined 134 other members of the OECD/G20 Inclusive Framework in October 2021 to address tax challenges from the digitalization of the economy. The United States, along with Austria, France, Italy, Spain, and the United Kingdom   On October 21, 2021 reached a political compromise on transitional measures while implementing Pil...

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