MasterCard’s application before India’s High Court: the equalisation levy dilemma!

By Ashish Sodhani, Leader, International Tax, Nishith Desai Associates, Mumbai

The Delhi High Court on August 18 ruled in favor of multinational financial services corporation, MasterCard, in its application seeking to stay the payment of India’s equalisation levy.

The dispute arose in the context of MasterCard’s appeal to the High Court of a 2018 Authority for Advance Rulings decision. The Authority for Advance Rulings had ruled against MasterCard, holding that MasterCard’s activities in India formed a permanent establishment. 

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