India plans to drop significant economic presence rule and equalisation levy

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India plans to drop significant economic presence rule and equalisation levy

Joseph Stanley-Smith
February 08 2019
Akhilesh Ranjan on stage at ITR's India Tax Forum

India will abandon its significant economic presence (SEP) rule and drop the equalisation levy once OECD members come to an agreement on how to tax the digital economy, a leading government figure has said. But taxpayers want clarity on SEP thresholds now.

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Joseph Stanley-Smith
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Joe manages ITR’s online and print coverage, and the publication’s events worldwide. He covers a range of tax issues affecting multinational corporations, particularly indirect tax matters and case studies.
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