Saturday, July 5, 2025
spot_img

Government plans to tax Netflix in India

Date:

Share post:

spot_imgspot_img

Shillong, May 12: Government is India is contemplating to tax the online entertainment platform Netflix according to a report.

India is attempting to tax Netflix income from its domestic streaming services.

According to estimated by the tax authorities Netflix’s Indian permanent establishment (PE) earned around Rs 550 million ($6.73 million) in revenue for the assessment year 2021–2022.

According to the publication, tax authorities reasoned that the American company had infrastructure and certain workers from the parent organisation on secondment in India to support its streaming services, resulting in a PE and tax liability.

According to the persons in knowledge of the development, this is the first time India will tax foreign digital enterprises that offer consumers electronic commerce services.

spot_imgspot_img

Related articles

Prime Minister Narendra Modi being greeted by a person dressed as Lord Shiva upon his arrival at Piarco International Airport, in Port of Spain...

Prime Minister Narendra Modi being greeted by a person dressed as Lord Shiva upon his arrival at Piarco International...

Hawkers in distress over new biz timings

By Our Reporter SHILLONG, July 4: After High Court’s directive granting hawkers and street vendors three hours of business...

Indian citizens must not suffer owing to ILP or MRSSA: Hek

By Our Reporter SHILLONG, July 4: Cabinet Minister and BJP legislator Alexander L Hek believes no Indian citizen should...

On-street parking to be charged from August 1

By Our Reporter SHILLONG, July 4: On-street parking will be chargeable on an hourly basis in select localities of...