国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Global payment platforms may pay 15-pct tax in India

Source: Xinhua| 2018-11-12 14:39:50|Editor: Chengcheng
Video PlayerClose

MUMBAI, Nov. 12 (Xinhua) -- International payment platforms such as Visa, Mastercard and American Express may also be subjected to pay around 15-percent tax on their income in India as they set up servers locally to comply with a central bank directive on data storage.

The Reserve Bank of India (RBI) had ordered payments companies to locally store data on all transactions taking place within India from Oct. 15, according to a report from the Economic Times on Monday.

"Visa, Mastercard and American Express are currently out of the tax net in India, as they do not have a "permanent establishment" in the country - they operate here through offices in jurisdictions such as Singapore and store data on servers located in countries like the United States and Ireland.

Permanent establishment, or place of business, is a concept in taxation that determines where an organisation is required to pay tax," the newspaper reported.

Tax suggestion over the RBI instructions might be a prelude to a greater stress that numerous different organizations, such as Google and Apple may also be confronted.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001376010261
主站蜘蛛池模板: 马关县| 漳州市| 新巴尔虎右旗| 宜阳县| 金昌市| 时尚| 漾濞| 辰溪县| 哈巴河县| 广安市| 阿拉善右旗| 太原市| 濮阳市| 肃北| 长兴县| 米易县| 永寿县| 建昌县| 周宁县| 苍山县| 崇义县| 桂东县| 乡城县| 万州区| 灌阳县| 阿坝县| 拜城县| 华坪县| 龙陵县| 佳木斯市| 景德镇市| 肇源县| 商南县| 昭通市| 肥西县| 谢通门县| 公安县| 临泽县| 同江市| 会同县| 泾川县|