Equalisation Levy

All about Google Tax (Equalization Levy) In India

Income Tax - As of now, this tax law is applicable only on online advertisements. This tax applies to advertisers, not publishers. Means it will not affect your Adsense earning. If you Publish ads on your website with AdSense, this tax doesn’t apply because you are a publisher....

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Equalisation Levy: Impact and consequences

Income Tax - It’s been almost eight months since the equalisation levy was imposed on payment for specified service which includes online advertisement, any provision for digital advertising space or any other facility or service for the purpose of online advertisement and includes any other service as may be notified later, provided by a Non-reside...

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6% Equalization Levy on specified services provided by non-resident

Income Tax - Equalization levy may be a quick and easy way to tax digital transactions but is prone to many other complications and hence may not be the right solution from a long term perspective. This is also evident from the fact that though Equalization levy was discussed by OECD in its Action Plan for taxation of digital economy, it did not final...

Read More

Equalisation Levy is not so equal

Income Tax - There is a possibility of countermeasures being adopted by foreign countries against the unilateral levy by India. For example, if US Treasury is of the opinion that these actions potentially undermine U.S. rights under the tax treaty, and lead to discriminatory treatment...

Read More

Analysis of Equalization Levy or Google Tax

Income Tax - Online advertising spends in India have risen on account of greater digital penetration and increased use of the web as a credible advertising medium. The biggest beneficiaries of the increase in this expenditure have been online advertising companies (Facebook, Google etc.) who have seen their revenues from India steadily rise....

Read More

Equalization levy of 6 per cent on online advertisers

Income Tax - The Government has introduced equalization levy of 6 per cent on online advertisers. The Finance Act, 2016 had inserted a separate Chapter VIII titled Equalization Levy in order to tap tax on income accruing to foreign e-commerce companies from India. It was provided that a person making payment exceeding in aggregate 1 lakh rupees in a y...

Read More

Equalization Levy- Challan No.ITNS 285 for making Payment

Income Tax - Rules to The Finance Act, 2016 states that with effect from July 1, 2016, equalization levy @ 6% should be deducted by a resident or non-resident (having permanent establishment in India) on the amount of consideration paid or payable to the non-resident not having permanent establishment in India....

Read More

Google Payments: Notification regarding Equalisation Levy

Income Tax - This is to inform you that as per the Notification No. 37/2016: F.No. 370142/12/2016-TPL dated 27 May 2016 read with Finance Act, 2016, Government of India has levied an ‘Equalisation Levy’ on provision of online advertisement services or any other service or facility for the purpose of online advertisement by a Foreign Company provid...

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CBDT Notifies Equalisation levy Rules, 2016

Notification No. 38/2016-Income Tax - (27/05/2016) - Every assessee, who is required to deduct and pay equalisation levy, shall pay the amount of such levy to the credit of the Central Government by remitting it into the Reserve Bank of India or in any branch of the State Bank of India or of any authorised Bank accompanied by an equalisation levy chal...

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CBDT notifies date of Applicability of Equalisation Levy

Notification No. 37/2016-Income Tax - (27/05/2016) - n exercise of the powers conferred by sub-section (2) of section 163 of the Finance Act, 2016 (28 of 2016), the Central Government hereby appoints the 1st day of June, 2016 as the date on which Chapter VIII of the said Act shall come into force....

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Report- Taxation of E-Commerce: Equalization Levy or Google Tax

NA - (21/03/2016) - The Committee on taxation of E-Commerce examined the tax issues arising from the new business models employed in the digital economy, in particular issues relating to tax nexus rules under existing law and tax treaties, characterization of payments made for services and facilities provided primarily...

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Recent Posts in "Equalisation Levy"

All about Google Tax (Equalization Levy) In India

As of now, this tax law is applicable only on online advertisements. This tax applies to advertisers, not publishers. Means it will not affect your Adsense earning. If you Publish ads on your website with AdSense, this tax doesn’t apply because you are a publisher....

Read More
Posted Under: Income Tax |

Equalisation Levy: Impact and consequences

It’s been almost eight months since the equalisation levy was imposed on payment for specified service which includes online advertisement, any provision for digital advertising space or any other facility or service for the purpose of online advertisement and includes any other service as may be notified later, provided by a Non-reside...

Read More
Posted Under: Income Tax |

6% Equalization Levy on specified services provided by non-resident

Equalization levy may be a quick and easy way to tax digital transactions but is prone to many other complications and hence may not be the right solution from a long term perspective. This is also evident from the fact that though Equalization levy was discussed by OECD in its Action Plan for taxation of digital economy, it did not final...

Read More
Posted Under: Income Tax |

Equalization levy of 6 per cent on online advertisers

The Government has introduced equalization levy of 6 per cent on online advertisers. The Finance Act, 2016 had inserted a separate Chapter VIII titled Equalization Levy in order to tap tax on income accruing to foreign e-commerce companies from India. It was provided that a person making payment exceeding in aggregate 1 lakh rupees in a y...

Read More
Posted Under: Income Tax |

Equalisation Levy is not so equal

There is a possibility of countermeasures being adopted by foreign countries against the unilateral levy by India. For example, if US Treasury is of the opinion that these actions potentially undermine U.S. rights under the tax treaty, and lead to discriminatory treatment...

Read More
Posted Under: Income Tax |

Analysis of Equalization Levy or Google Tax

Online advertising spends in India have risen on account of greater digital penetration and increased use of the web as a credible advertising medium. The biggest beneficiaries of the increase in this expenditure have been online advertising companies (Facebook, Google etc.) who have seen their revenues from India steadily rise....

Read More
Posted Under: Income Tax |

Equalization Levy- Challan No.ITNS 285 for making Payment

Rules to The Finance Act, 2016 states that with effect from July 1, 2016, equalization levy @ 6% should be deducted by a resident or non-resident (having permanent establishment in India) on the amount of consideration paid or payable to the non-resident not having permanent establishment in India....

Read More
Posted Under: Income Tax |

Equalization Levy (a.k.a. Google Tax)

‘Specified Service’ means online advertisement, any provision for digital advertising space or any other facility or service for the purpose of online advertisement and includes any other service as may be notified by the Central Government in this behalf....

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Posted Under: Income Tax |

Equalisation Levy From 1st June, 2016

An equalisation levy is intended to serve as a way to tax a multi-national enterprise's significant economic presence in a country, which are able to avoid taxes completely in the source jurisdiction under the existing international taxation rules which require non-resident enterprises to have a Permanent Establishment in order to attract...

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Posted Under: Income Tax |

Google Payments: Notification regarding Equalisation Levy

This is to inform you that as per the Notification No. 37/2016: F.No. 370142/12/2016-TPL dated 27 May 2016 read with Finance Act, 2016, Government of India has levied an ‘Equalisation Levy’ on provision of online advertisement services or any other service or facility for the purpose of online advertisement by a Foreign Company provid...

Read More
Posted Under: Income Tax |
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