MNCs could face double taxation or get tax arbitration due to new digital transaction law

Tax experts say lack of clarity around the levy means different companies were interpreting it in a different way. Some companies are being cautious and paying 12% on these transactions — royalty withholding tax plus the equalisation levy. Others are opting for either 10% or 2% tax.

from Economy-News-Economic Times https://ift.tt/3hcPKAm
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