Global Minimum Tax — A Turning Point for Corporate Taxation?
The Biden administration in April 2021 released an outline of its proposed changes to U.S. corporate tax policies, called the “Made in America” tax plan. It includes a proposal to establish a “Global Minimum Tax” rate on businesses, potentially bringing the U.S. fully on board with an effort that has so far been led primarily by […]
Complete guide for E-Commerce companies on applicability of Equalisation Levy post Finance Act, 2021
Applicability In order to analyse the applicability of the Equalisation Levy, it is first necessary to understand the scope of the levy on ecommerce. As per Section 163(3), the levy shall apply to consideration received or receivable for e-commerce supply or services made or provided or facilitated on or after the 1st day of April, […]