India is set to remove the 6% equalisation levy on online advertising services starting 1 April 2025, following government approval of amendments to the Finance Bill 2025 as part of the 2025-2026 Budget. The levy was first introduced in the 2016

India’s government has introduced revisions to the proposed amendments to the Income-tax Act, 1961, as outlined in the Finance Bill, 2025. The Lok Sabha passed the Finance Bill 2025 on 25 March 2025, incorporating 35 government amendments. The

India's Central Board of Direct Taxes (CBDT) published a release on 18 March 2025 inviting stakeholder feedback for the development of Income-tax Rules and associated forms in line with the provisions of the Income Tax Bill 2025. The Income Tax

The Indian Central Board of Direct Taxes (CBDT) has issued a clarification on 15 March 2025 regarding Circular No. 1/2025 concerning the application of the Principal Purpose Test (PPT) provision under India’s Double Taxation Avoidance Agreements

India has proposed a temporary 12% safeguard duty on certain steel products for 200 days, to protect its domestic industry from the surge in imports, on 19 March 2025. The Directorate General of Trade Remedies (DGTR) cited the influx of steel

Lithuanian Prime Minister Gintautas Paluckas has confirmed that the Government is considering increasing the preferential rate of value-added tax (VAT) from 9% to 12%. The 21% standard VAT rate and the 5% super-reduced rate will remain