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Voltaire Staff

India axes its 'Google Tax' following OECD settlement



The India government has said it will remove "Google Tax" a charge imposed on foreign companies providing digital services.

 

India had brought a six per cent tariff in 2016, on nonresidential firms that were offering services to local companies or those with permanent foundations in the country.

 

Later, it extended to include a two per cent fee for e-commerce companies providing goods and services to the country's citizens and residents.

 

In her 2024-25 budget speech, Union Finance Minister Nirmala Sitharaman announced that the present two per cent levy would be axed. The measure will be implemented from August 1, this year.


Nirmala Sitharaman. Image Source: Wikipedia



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