Home / Companies / News / Global business bodies nudge FM Sitharaman to defer equalisation levy

Global business bodies nudge FM Sitharaman to defer equalisation levy

The bodies have also approached the US Trade Representative to call for discussion on India's move to impose equalisation levy while the matter is still under discussion at international level.

Finance minister, FM, Nirmala Sitharaman

Premium

A group of nine business bodies including US India Business Council, Information Technology Industry Council, Japan Electronics and Information Technology Industries Association, Asia-Pacific MSME Trade coalition and DigitialEurope, have demanded consultation on the equalisation levy (2 per cent tax) imposed by the government in this fiscal year.

Agencies New Delhi

2 min read Last Updated : Apr 30 2020 | 2:41 AM IST

International business bodies, whose members include Walmart, Amazon, Google, Netflix, have approached Union Finance Minister Nirmala Sitharaman for deferring the 2 per cent tax imposed on non-resident e-commerce companies by nine months due to the crisis triggered by Covid-19.

In a joint letter to the minister, the business bodies representing mostly American, European,

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in