20% Tax On International Credit Card Transactions: Explained
PUBLISHED ON: May 19, 2023 | Duration: 1 min, 02 sec
A 20% tax will be levied on all international transactions from July 1. The tax will be collected at source, which means when you swipe a card for a foreign currency, a 20% tax will be deducted. Let's understand what has changed and how it impacts you.
