Google, Facebook and Netflix to pay a minimum global tax at 15%

India introduced equalisation levy for digital advertising services in 2016 at the rate of 6 per cent

Representatives from 136 nations, including India have finalised a global tax deal which will ensure large digital players--Google, Facebook, Netflix, and Microsoft-- pay a minimum tax rate of 15 per cent, wherever they operate, said the Organisation for Economic Cooperation and Development (OECD) on Friday. The tax deal to come into effect from 2023.

The OECD has also sought for an immediate withdrawal of unilateral digital services tax measures like equalization levy and a commitment to not introduce such measures in future. 

Besides, no newly enacted digital taxes or other relevant similar measures will be imposed on any company from