India to scrap 6% equalisation levy on digital ads, leading to revenue loss

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The story "India to scrap 6% equalisation levy on digital ads, leading to revenue loss" was covered 1 days ago by Business Standard, a news publisher based in India.

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India to scrap 6% equalisation levy on digital ads, leading to revenue loss - Business Standard

Quick Summary:

The 2 per cent Equalisation Levy was withdrawn after stakeholder discussions in July 2024, which was before Trump took office.

This decision, announced in the Finance Bill 2025-26, will benefit global tech companies like Google, Meta, and Amazon by reducing their tax burden and operational costs in India.

It was applied to payments made by Indian businesses to non-resident companies for online advertisements, digital ad space, and related services.