Here we will be letting you know all about the Google Tax! You can too call it with the name of the Facebook tax or with the name of Amazon tax. Just few days back, the finance minister of India has made this announcement that they will be launching this Google Tax on all of the companies who do not have this permanent establishment and presence in the country.
'Google tax' is a popular term used to refer to anti-avoidance provisions that have been passed in several jurisdictions dealing with profits or royalties that have been diverted to other jurisdictions with lower or nil rates.
Things you should know about new Google Tax for Bloggers
What Actually This Google Tax is ?
As per to this Google Tax, if you have been making a payment to any of the non resident kind of technological company then you have to make a withholding of the 6 % of the tax. All of these rules and regulations will be applied on all of those companies who do not have a permanent sort of establishment in the country of Indian. If your total payment will be able to be exceeded by the amount of 1 lakh then you will be paying this Google Tax.
Services That Will Be Coming Under This Google Tax Are As Follows :
- By paying this Google Tax, you will be able to grab some list of services. Like you will be able to do some online advertising.
- You will be getting some online kind of digital advertising space.
- You will be getting in hand a wide and a massive one e-commerce portal by paying this Google Tax.
You might be thinking that why this Google Tax has been introduced? We can give you the answer! This tax has already been in operation in the countries of UK and also in Spain. If you are making money online then this tax will for sure be levied on you. Now, Indian has also bring all of those companies under this Google Tax. As you can see that India will now be included in the list of those countries who will be paying this Google Tax.
Impact Of Google Tax on Bloggers :
It is to be kept in mind that this Google Tax will not at all be harming the earning or income of your Google Adsense. This subjected tax will be applied on the advertisers and not at all on the publishers. Like if you have been publishing or posting some of the ads on your blog or site then you does not have to pay the Google Tax. But if you are an advertiser and you have been posting the ads of your company then you have to pay this Google Tax. No matter what total income or payment you will be making, 6% of the tax will be deducted from your payment.
By far, India has also included itself to be the part of this tax. We still have to see that which other countries will become the part of this Google Tax. Stay tuned so that we can give you more of the informative information about this tax.
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