MUMBAI: The equalisation levy<\/a> has started making things costlier for Indian consumers. Apple<\/a> is passing on the 2% equalisation levy<\/a>, aside from 18% goods and services tax<\/a> (GST), to Indian consumers who buy apps or any other product from its iTunes<\/a> or App store<\/a>. Experts said other companies, including Google, Amazon and LinkedIn, may follow in its footsteps and start passing on the cost to consumers. 每当“税收或外汇汇率的变化,该公司已更新价格在App store,“苹果告诉消费者在网站上。“新平衡税2%,除了现有的销售税18%”将征收购买。 孟买:平衡税印度消费者已经开始使事情更昂贵。苹果通过在2%平衡税,除了18%商品及服务税(销售税),印度消费者购买应用程序或任何其他产品的iTunes或应用程序商店。专家说其他公司,包括谷歌、亚马逊和LinkedIn,追随它的脚步,开始将成本转嫁给消费者。
Whenever “taxes or foreign exchange rates change, the company has to update prices on the App store<\/a>,” Apple<\/a> told its consumers on the site. “New equalisation levy of 2% in addition to the existing GST of 18%” will be levied on purchases, it said.
ET was the first to report August 25 that the big tech companies hadn’t paid the 2% equalisation levy, announced in the FY21 budget, due to lack of clarity.
Tax<\/a> experts said the levy applies to all non-residents engaged in or facilitating the online sale of goods or services subject to certain conditions.
![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
Higher cost for consumers<\/strong>
“Principally, equalisation levy is charged on revenue as against profits and is payable irrespective of whether any profits are earned or not. And it is 2% of the gross consideration,” said Ajay Rotti, partner, Dhruva Advisors.
“Now that Apple has started levying the equalisation levy and GST on their apps, iTunes<\/a>, iCloud and other services they provide to Indian consumers, other internet giants too will have to follow this directionally,” said Girish Vanvari, founder of tax advisory firm Transaction Square. “The question however is whether the Indian consumer who's paying tax on this can take a credit of this or will this be a sunk cost.”
Apple, Google, Amazon and LinkedIn didn’t respond to queries. Companies have passed on similar levies to consumers in other countries as well, Rotti said.
India and the US are working to resolve their differences over the equalisation levy. The US opposes it on the grounds of “fairness.”
India has responded by pointing out a US Supreme Court ruling that said the physical presence of an online company was not required for imposing tax in a particular location. Most of the big tech firms facing the tax in India are US companies.
The government had, in this year’s budget, increased the scope of the equalisation levy imposed on cross-border digital transactions in 2016 in a bid to tax the advertising revenue that the internet giants earn from India. It includes any purchase by an Indian or India-based entity through overseas ecommerce platforms with effect from April 1.
Tax experts said the main objective of the government is to tax the revenues of digital giants that earn billions from India. When companies pass on the tax to consumers, it ends up as an escalation of costs for Indians, with little impact on the revenues of the tech giants, they added.
<\/p><\/body>","next_sibling":[{"msid":78963212,"title":"Honeywell introduces next-gen quantum computer with 10 qubits","entity_type":"ARTICLE","link":"\/news\/honeywell-introduces-next-gen-quantum-computer-with-10-qubits\/78963212","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"78962629","title":"3","entity_type":"IMAGES","seopath":"industry\/cons-products\/electronics\/apple-passes-on-2-per-cent-equalisation-levy-to-indian-consumers\/3","category_name":"Apple passes on 2 per cent equalisation levy to Indian consumers","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-587848\/78962629.cms?width=150&height=112","link":"\/image\/industry\/cons-products\/electronics\/apple-passes-on-2-per-cent-equalisation-levy-to-indian-consumers\/3\/78962629"}],"msid":78963261,"entity_type":"ARTICLE","title":"Apple passes on 2 per cent equalisation levy to Indian consumers","synopsis":"Whenever \u201ctaxes or foreign exchange rates change, the company has to update prices on the App store,\u201d Apple told its consumers on the site. \u201cNew equalisation levy of 2% in addition to the existing GST of 18%\u201d will be levied on purchases, it said.","titleseo":"telecomnews\/apple-passes-on-2-per-cent-equalisation-levy-to-indian-consumers","status":"ACTIVE","authors":[{"author_name":"Sachin Dave","author_link":"\/author\/479239123\/sachin-dave","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479239123.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479239123,"author_name":"Sachin Dave","author_seo_name":"sachin-dave","designation":"Senior Editor","agency":false}}],"analytics":{"comments":0,"views":403,"shares":0,"engagementtimems":2015000},"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2020-10-31 08:29:54","lastupd":"2020-10-31 08:30:25","breadcrumbTags":["apple","App Store","itunes","Goods and services tax","Devices","Tax","equalisation levy"],"secinfo":{"seolocation":"telecomnews\/apple-passes-on-2-per-cent-equalisation-levy-to-indian-consumers"}}" data-authors="[" sachin dave"]" data-category-name="" data-category_id="" data-date="2020-10-31" data-index="article_1">
苹果通过平衡征收2%印度消费者
每当“税收或外汇汇率的变化,该公司已更新价格应用程序商店”,苹果对其消费者在网站上。“新平衡税2%,除了现有的销售税18%”将征收购买。
税专家表示,征收适用于所有非居民参与或促进网上销售商品或服务受到某些条件。
消费者的高成本
“总之,平衡征收被指控对利润和收入是应付无论是否获得任何利润。总值的2%考虑,“说Ajay深受合作伙伴,Dhruva顾问。
“现在,苹果已经开始征收,征收销售税和他们的应用程序将会趋同,iTunes,iCloud和其他服务他们提供印度消费者,其它互联网巨头也必须遵循这个定向,“税务咨询公司的创始人Girish Vanvari说,交易广场。“不过的问题是印度消费者的纳税可以信用这个或这是沉没成本。”
苹果、谷歌、亚马逊和LinkedIn没有对此事作出回应。企业向消费者传递类似的征收在其他国家,深受说。
印度和美国正在努力解决他们的分歧,征税将会趋同。美国反对它的理由的“公平”。
印度已作出回应,指出美国最高法院的一项裁定,即表示一个在线公司的实体店不需要征收的税收在一个特定的位置。多数大型科技公司面临的税收在印度是美国公司。
政府在今年的预算,增加平衡征税的范围对跨境电子交易在2016年为了税收来自印度的互联网巨头赚取广告收入。它包括任何购买印度或印度实体通过海外电子商务平台,从4月1日起生效。
税务专家表示,政府的主要目标是税收数码巨头赚取数十亿的收入来自印度。当公司税收转嫁到消费者身上,最终作为一个印第安人,升级成本对收入没有影响的科技巨头,他们补充说。
读到
MUMBAI: The equalisation levy<\/a> has started making things costlier for Indian consumers. Apple<\/a> is passing on the 2% equalisation levy<\/a>, aside from 18% goods and services tax<\/a> (GST), to Indian consumers who buy apps or any other product from its iTunes<\/a> or App store<\/a>. Experts said other companies, including Google, Amazon and LinkedIn, may follow in its footsteps and start passing on the cost to consumers.
Whenever “taxes or foreign exchange rates change, the company has to update prices on the App store<\/a>,” Apple<\/a> told its consumers on the site. “New equalisation levy of 2% in addition to the existing GST of 18%” will be levied on purchases, it said.
ET was the first to report August 25 that the big tech companies hadn’t paid the 2% equalisation levy, announced in the FY21 budget, due to lack of clarity.
Tax<\/a> experts said the levy applies to all non-residents engaged in or facilitating the online sale of goods or services subject to certain conditions.
Higher cost for consumers<\/strong>
“Principally, equalisation levy is charged on revenue as against profits and is payable irrespective of whether any profits are earned or not. And it is 2% of the gross consideration,” said Ajay Rotti, partner, Dhruva Advisors.
“Now that Apple has started levying the equalisation levy and GST on their apps, iTunes<\/a>, iCloud and other services they provide to Indian consumers, other internet giants too will have to follow this directionally,” said Girish Vanvari, founder of tax advisory firm Transaction Square. “The question however is whether the Indian consumer who's paying tax on this can take a credit of this or will this be a sunk cost.”
Apple, Google, Amazon and LinkedIn didn’t respond to queries. Companies have passed on similar levies to consumers in other countries as well, Rotti said.
India and the US are working to resolve their differences over the equalisation levy. The US opposes it on the grounds of “fairness.”
India has responded by pointing out a US Supreme Court ruling that said the physical presence of an online company was not required for imposing tax in a particular location. Most of the big tech firms facing the tax in India are US companies.
The government had, in this year’s budget, increased the scope of the equalisation levy imposed on cross-border digital transactions in 2016 in a bid to tax the advertising revenue that the internet giants earn from India. It includes any purchase by an Indian or India-based entity through overseas ecommerce platforms with effect from April 1.
Tax experts said the main objective of the government is to tax the revenues of digital giants that earn billions from India. When companies pass on the tax to consumers, it ends up as an escalation of costs for Indians, with little impact on the revenues of the tech giants, they added.
<\/p><\/body>","next_sibling":[{"msid":78963212,"title":"Honeywell introduces next-gen quantum computer with 10 qubits","entity_type":"ARTICLE","link":"\/news\/honeywell-introduces-next-gen-quantum-computer-with-10-qubits\/78963212","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"78962629","title":"3","entity_type":"IMAGES","seopath":"industry\/cons-products\/electronics\/apple-passes-on-2-per-cent-equalisation-levy-to-indian-consumers\/3","category_name":"Apple passes on 2 per cent equalisation levy to Indian consumers","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-587848\/78962629.cms?width=150&height=112","link":"\/image\/industry\/cons-products\/electronics\/apple-passes-on-2-per-cent-equalisation-levy-to-indian-consumers\/3\/78962629"}],"msid":78963261,"entity_type":"ARTICLE","title":"Apple passes on 2 per cent equalisation levy to Indian consumers","synopsis":"Whenever \u201ctaxes or foreign exchange rates change, the company has to update prices on the App store,\u201d Apple told its consumers on the site. \u201cNew equalisation levy of 2% in addition to the existing GST of 18%\u201d will be levied on purchases, it said.","titleseo":"telecomnews\/apple-passes-on-2-per-cent-equalisation-levy-to-indian-consumers","status":"ACTIVE","authors":[{"author_name":"Sachin Dave","author_link":"\/author\/479239123\/sachin-dave","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479239123.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":479239123,"author_name":"Sachin Dave","author_seo_name":"sachin-dave","designation":"Senior Editor","agency":false}}],"analytics":{"comments":0,"views":403,"shares":0,"engagementtimems":2015000},"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2020-10-31 08:29:54","lastupd":"2020-10-31 08:30:25","breadcrumbTags":["apple","App Store","itunes","Goods and services tax","Devices","Tax","equalisation levy"],"secinfo":{"seolocation":"telecomnews\/apple-passes-on-2-per-cent-equalisation-levy-to-indian-consumers"}}" data-news_link="//www.iser-br.com/news/apple-passes-on-2-per-cent-equalisation-levy-to-indian-consumers/78963261">
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动