Top Story


Home >> International >> Article

Foreign broadcasters to be taxed at 48%

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.


Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

Ushering the launch with a campaign titled ‘The New Way to Get Rich’ showcasing how technology gets millennials closer to their financial dreams

Ogilvy and Love Matters conceptualised a campaign that aimed to change the conversation and imagery that is associated with the LGBTQ community and lesbians in particular