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Online Games Could Soon Levy Higher GST; Government Planning to Classify Them as Games of Skills, Chance
The Finance Ministry is considering classifying online gaming into categories of skill and chance, and levying a differential rate of GST, an official said. Currently, online gaming attracts 18 percent GST. The tax is levied on gross gaming revenue, which is the fees charged by online gaming portals.
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EU to Propose New Tax on Digital Firms Up to 5 Percent of Their Gross Revenues
The proposal aims at increasing the tax bill of firms accused by large EU states of paying too little in tax by re-routing their EU profits to low-tax countries.
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Online Games Could Soon Levy Higher GST; Government Planning to Classify Them as Games of Skills, Chance
The Finance Ministry is considering classifying online gaming into categories of skill and chance, and levying a differential rate of GST, an official said. Currently, online gaming attracts 18 percent GST. The tax is levied on gross gaming revenue, which is the fees charged by online gaming portals.
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EU to Propose New Tax on Digital Firms Up to 5 Percent of Their Gross Revenues
The proposal aims at increasing the tax bill of firms accused by large EU states of paying too little in tax by re-routing their EU profits to low-tax countries.
