India awaits finality on taxing global MNCs before removing 'Google Tax'

OECD agreement to be deliberated by finance ministers of G20 nations on Wednesday

India will await the final outcome of the global tax deal before taking call on withdrawing the equalisation levy (EL) on digital companies such as Google, Facebook and Netflix, which have no physical presence in India, said two official privy to the development.

The OECD agreement, backed by 136 nations last week, will now be deliberated by the finance ministers of G20 nations on Wednesday. It suggests multinational companies will be subject to a minimum tax of 15 per cent from 2023.

The discussion would be crucial as it will decide the modalities of the deal, which will further go