In a major setback, India will have to give up on its much-contentious equalisation levy or the so-called ‘Google Tax’ as part of the global tax deal agreed by 136 countries late on Friday. It is part ...

We’ll send you a myFT Daily Digest email rounding up the latest Europe news every morning. From Mr William Nicholas. Sir, The FT has exposed yet another “perk” available to bankers and not to the rest ...

Equalisation levy of 6 per cent on services pertaining to cross border digital transactions will come into effect from June 1. At present, equalisation levy is leviable only on payments relating to ...

The government on Thursday ruled out coming out with an FAQ on the newly introduced 2% tax on non-resident e-commerce companies, saying the law passed by Parliament is very clear. The 2% Equalisation ...

On October 8, 2021, a “landmark” deal was reached amongst more than 130 countries where the broad contours of Two Pillar Solution to Address the Tax Challenges arising from the Digitization of the ...

The National Assembly during one of the sessions. For the past nine years, more than Sh18 billion meant for the provision of such services under the equalisation fund has been lying idle at Treasury ...

It has been nearly a year since the scope of equalisation levy (EQL) was widened to include a 2% levy on consideration received or receivable by a non-resident e-commerce operator from e-commerce ...

- Most defined benefit (DB) pension schemes in the UK are affected by the High Court decision in October last year that schemes must equalise for the unequal effect of guaranteed minimum pensions ...