equalization levy Current Affairs, GK & News

What is Significant Economic Presence (SEP) principle?

India recently notified Digital Tax threshold of two crore rupees and 300,00 users under the Significant Economic Presence principle. This threshold was notified for non-resident technology firms such as Netflix, Facebook, Google, to pay tax in India. The principle was first introduced in the Finance Bill 2018-19. It was adopted to address the challenges of ..

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Digital services tax in India to be probed by US

US has decided to investigate the digital services taxes (DST) imposed by India, which is one of the trading partners of US. If found problematic, US can, in turn, consider imposing punitive tariff sanctions which can aggravate the trade friction between India and US. Countries like Austria, the European Union, Indonesia, Brazil, the Czech Republic, ..

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