
TAX
Decoding the India – US Transitional Approach on 2% Equalization Levy
A transitional approach has been agreed by India and the US on the 2% Equalization Levy. The final terms are expected to be issued by 1 February 2022.
A transitional approach has been agreed by India and the US on the 2% Equalization Levy. The final terms are expected to be issued by 1 February 2022.
Multinational corporations will be subject to a minimum tax of 15% from 2023, in a major reform of the international tax system finalized by the OECD on 8th Oct 2021.