India to impose 28% tax on turnover of online gaming companies

India to impose 28% tax on turnover of online gaming companies

Dream11 and MPL logos are displayed in front of the Indian flag in this Illustration taken September 14, 2022. REUTERS/Dado Ruvic/Illustration

India on Tuesday decided to impose a 28% indirect tax on the turnover of online gaming companies, a state minister said, in a major setback to the country’s $1.5 billion industry.

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