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India unlikely to overhaul digital tax regime despite agreement on global tax standards with 135 OECD countries

India is unlikely to revise its digital tax regime even after agreeing to comprehensive tax standards with 135 OECD countries. These countries, including India, had agreed to a global minimum corporate tax rate of 15% and the elimination of digital taxes.

CNBC-TV18’s Timsy Jaipuria reports that although India will not introduce any new measures or revise digital tax rates. New Delhi has said it will not withdraw any measures or taxes based on the OECD’s statement on the digital economy.

Senior government officials have said that the OECD convention clearly states that no new unilateral measures will be introduced and that it does not say remove existing measures. Moreover, India plans to introduce these reforms from December 2023 and not before.

Watch the video to learn more.