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Govt plans to abolish equalisation levy
The New Indian Express Tirunelveli
|March 25, 2025
THE government has proposed the abolition of the 6% Equalisation Levy on online advertising in the Finance Bill 2025, reducing the tax burden on digital ad consumers and lowering costs on platforms like Google and Meta.
If passed in parliament, the 6% Equalisation Levy would cease to exist from 1 April 2025.
This is a significant move in the context of the ongoing Indo-US bilateral trade talks, and the imminent threat of reciprocal tax, which is likely to come into force from 2 April 2025.
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