India and the US extend their digital tax agreement on e-commerce supplies until June 30, 2024, under OECD/G20 Inclusive Framework.
India and the US have extended their agreement on the 2% equalisation levy, or digital tax, on e-commerce supplies until June 30, 2024, as part of a global push to modernise the international tax system. The agreement was initially set to expire on March 31, 2024, and follows negotiations within the OECD/G20 Inclusive Framework, a group of 135 countries working on a two-pillar solution to address tax challenges arising from digitalisation. The extension comes as a joint decision by the US and Austria, France, Italy, Spain, and the UK, aiming to ensure a seamless transition to Pillar 1 implementation.
June 28, 2024
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