• The government had introduced the concept of significant economic presence (SEP) in line with its plan to tax digital companies in the Finance Act, 2018.
• SEP was defined to mean, among other things, systematic and continuous soliciting of business activities or engaging in interaction with such number of users as may be prescribed in India through digital means.
• This provision was earlier proposed to be effective from assessment year 2021-22, but has now been deferred to 2022-23.
#economyshots
0 comments:
Post a Comment