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Govt plans to end levy on foreign digital ads
Hindustan Times Amritsar
|March 26, 2025
Finance minister Nirmala Sitharaman on Tuesday said that the central government may scrap a 6% tax on digital online advertisements, which, introduced in 2016, taxed payments made by Indian businesses to foreign companies for digital advertising services.
NEW DELHI:
"Have proposed to remove 6% equalization levy for advertisements," the finance minister informed the Lok Sabha. US tech giants like Meta, Amazon and Alphabet are expected to benefit from the decision.
Sitharaman also said that the new income tax bill, currently under review by a select committee, will be taken up for discussion in the upcoming monsoon session of Parliament.
Speaking in the Lok Sabha during a discussion of the finance bill, Sitharaman said the select committee has been mandated to submit its report by the first day of the next session.
Dit verhaal komt uit de March 26, 2025-editie van Hindustan Times Amritsar.
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