Top Story

e4m_logo.png

Home >> International >> Article

Foreign broadcasters to be taxed at 48%

07-March-2001
Font Size   16
Foreign broadcasters to be taxed at 48%

The Government said on Tuesday there was no clarification required over taxing foreign broadcasters, who would be treated just like any other multinational company operating in India and taxed at the rate of 48 per cent. There were doubts raised by industry as to how to treat income of foreign broadcasters earned in another country through sponsorships.

The government would go through the books of accounts and tax the companies according to their income. Currently, domestic broadcasters have to pay a higher tax rate than their foreign counterparts.

The companies that are likely to take a hit in their margins include channels like Star, ESPN and HBO, after the imposition of the high tax rate.

Tags

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

The Managing Editor of Public TV gives insights about the struggle the Kannada news channel endured during its nascent stage and what led them forward to the second position that they occupy right now in what is a rather crowded marketplace

The unveiling of the Pitch Madison Advertising Report 2018 event was held on February 15, 2018. Over the years, the report has become a benchmark in the industry. Here are some pictures from the event...

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing...

Jake Dyson, Chief Engineer and Member of the Dyson board, spoke about the innovations and technology that they plan to bring to India