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U.S. and India Extend Compromise on India's Equalization Levy

|Approved Changes|United States-India
United States-India

The U.S. Department of the Treasury has announced an extension of the agreement with India regarding a transition from India's existing 2% Equalization Levy on e-commerce supplies to the new multilateral solution agreed to under Pillar 1 of the OECD's two-pillar solution for reforms to the international tax framework. The agreement is extended until 30 June 2024. The two sides previously agree…

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