Equalization Levy Makes App Purchase Costlier On Apple, Google
Mobile applications bought on the Apple and Google platforms could get costlier as the government is planning to bring app purchase under the ambit of the ‘equalization levy.’ According to the report published in Economic Times, the government is looking to include Apps purchase under the levy by the end of December. The government is expected to issue guidelines by December, the report stated. An equalization levy of about 6 percent is currently applicable on online advertisements on multinationals registered outside India. The impact of the levy on app prices may...