The 2% equalisation levy on consideration received by e-commerce ...

2% equalisation levy on e-commerce operators' consideration ends 1/8/2024. E-commerce income from 1/4/2020-31/7/2024 tax-exempt.

Notes Bill

July 28, 2024

The 2% equalisation levy on consideration received by e-commerce operators for e-commerce supply or services will not be applicable from August 1, 2024. Income arising from e-commerce supply or services made, provided, or facilitated between April 1, 2020, and July 31, 2024, will be exempt from tax u/s 10(50) of the Income Tax Act, subject to certain conditions. The amendments aim to address ambiguity and compliance burden concerns regarding the equalisation levy's scope.

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The 2% equalisation levy on consideration received by e-commerce ...

2% equalisation levy on e-commerce operators' consideration ends 1/8/2024. E-commerce income from 1/4/2020-31/7/2024 tax-exempt.

Notes Bill

July 28, 2024

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