{"id":836752,"date":"2024-07-24T10:19:56","date_gmt":"2024-07-24T04:49:56","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=836752"},"modified":"2024-07-24T10:19:56","modified_gmt":"2024-07-24T04:49:56","slug":"with-2-levy-abolished-overseas-digital-companies-can-breathe-easy","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/24\/with-2-levy-abolished-overseas-digital-companies-can-breathe-easy\/","title":{"rendered":"With 2% levy abolished, overseas digital companies can breathe easy"},"content":{"rendered":"<p>The contentious equalisation levy of 2 %&#8211; on digital companies, online education-providing firms, and software-as-a-service providers without a permanent physical presence in India\u2014will be abolished on August 1, finance minister Nirmala Sitharaman announced on Tuesday.<\/p>\n<p>Designed to provide a level playing field for Indian ecommerce companies liable to local tax laws, the levy had grown to be a major point of contention between India and the US with several affected entities based there.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The contentious equalisation levy of 2 %&#8211; on digital companies, online education-providing firms, and software-as-a-service providers without a permanent physical presence in India\u2014will be abolished on August 1, finance minister Nirmala Sitharaman announced on Tuesday. Designed to provide a level playing field for Indian ecommerce companies liable to local tax laws, the levy had grown to be a major point of contention between India and the US with several affected entities based there.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-836752","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/836752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=836752"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/836752\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=836752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=836752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=836752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}