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FM: 6% digital tax cut not in response to Trump tariff
March 28, 2025
|Financial Express Lucknow
THE RAJYA SABHA on Thursday returned the Finance Bill 2025 to the Lok Sabha, including amendments such as the one that abolishes a 6% digital tax on online advertisements, thereby completing the Budget exercise.
Replying to a debate on the Bill, finance minister Nirmala Sitharaman emphasised that the rationalisation of customs duty and the withdrawal of certain levies were initiated much before US President Donald Trump assumed office and were part of ongoing policy measures. The 6% levy was imposed in 2016. A similar 2% levy imposed in 2020 was removed in July 2024 to ease compliance burdens.
هذه القصة من طبعة March 28, 2025 من Financial Express Lucknow.
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