Recently, while justifying the 2% equalisation levy (EL) imposed by India on the supply of services by multinational enterprises, finance minister Nirmala Sitharaman said it is a sovereign right to tax revenues earned from operations in the country.
What is Equalisation Levy (EL)?
Applicability of Equalisation Levy:
About EL (Equalization Levy) 2.0:
In October 2021, G20 countries approved a global deal to adopt a 15 percent minimum corporate tax and reallocate taxing rights for large profitable multinational enterprises (MNEs) to countries where they sell products and services.
Verifying, please be patient.