India’s tax department is reportedly looking to start applying an ‘equalization levy’ to crypto assets, forcing investors to pay an additional 2% for each purchase from exchanges outside the country. The country’s digital tax, popularly known as the ‘Google tax’, came into effect over a year ago. It is chargeable at a rate of 2% on consideration received by non-residents who operate digital businesses targeting, among other things, the Indian market. Also on rt.com India considering TOTAL BAN on cryptocurrencies – media The equalization levy could apply
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