Uniindia: New Delhi, Jun 3 (UNI) The United States has put on hold its decision to impose tariffs on India and five other countries over their taxes on US tech companies, amid ongoing negotiations on international taxation.
US suspends tariffs on 6 nations including India for digital service tax negotiations
The US announced that it will impose tariffs on certain goods from Austria, Britain, India, Italy, Spain and Turkey over disputes on Digital Service Taxes (DSTs)
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The US announced that it will impose tariffs on certain goods from Austria, Britain, India, Italy, Spain and Turkey over disputes on Digital Service Taxes (DSTs), while noting that it will suspend tariffs for six months for multilateral negotiations.
US Trade Representative (USTR) Katherine Tai said in a statement on Wednesday that the final determination in the one-year Section 301 investigations of DSTs adopted by the six countries is to impose additional tariffs on certain goods from these countries, reports Xinhua news agency.
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The United States Trade Representative (“USTR”) Katherine Tai announced 25% additional tariffs on approximately $2 billion worth of imported goods from Austria, India, Italy, Spain, Turkey, and the United Kingdom (“UK”), which have adopted Digital Service Taxes (“DSTs”). However, USTR also immediately suspended the tariffs for 180 days to provide additional time for ongoing multilateral negotiations on international taxation issues at the Organization for Economic Co-operation and Development (“OECD”) and Group of 20 (“G20”). As a result, these tariffs are not scheduled to take effect until November 29, 2021.
The products affected include glassware from Austria; furniture and jewelry from India; footwear and handbags from Italy; footwear and shellfish from Spain; carpets and linens from Turkey; and apparel and beauty products from the UK. To see the full range of products subject to the 25% Section
GJEPC Appreciates USTR’s Decision To Suspend Tariffs On Indian Jewellery For 180 Days A detailed representation was made to the Government of India on 29th March, 2021, series of webinars and meetings were conducted with trade; and based on the inputs received, a comprehensive guide was prepared, and provided to all members By: Diamond World News Service
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Announcing the conclusion of the one-year Section 301 investigations of Digital Service Taxes (DSTs) adopted by India, Austria, Italy, Spain, and Turkey, United States Trade Representative (USTR) has suspended tariffs on goods from these countries for up to 180 days to provide additional time to complete the ongoing multilateral negotiations on international taxation at the OECD and in the G20 process.
Read more about Digital tax row: US suspends additional tariffs on India, 5 other countries on Business Standard. USTR Katherine Tai, in a statement, announced the conclusion of the one-year Section 301 investigations of Digital Service Taxes (DSTs) adopted by Austria, India, Italy, Spain, Turkey and the UK