Centre to Tax Netflix for Its Operations in India: Reports

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In a draft order, the tax authorities attributed an income of about 550 million rupees ($6.73 million) to Netflix’s Indian permanent establishment (PE) in the assessment year 2021-22, the report added.

India is planning to tax the American streaming company Netflix on the income generated by its operations in the country, reports claimed on Friday. Reports added that the American-based company has a permanent establishment in the country, and this is liable for tax on its income generated here. If this happens, it will be the first of its kind move where an overseas digital company will be taxed for providing electronic commerce services to consumers.

In a draft order, the tax authorities attributed an income of about 550 million rupees ($6.73 million) to Netflix’s Indian permanent establishment (PE) in the assessment year 2021-22, the report added.

Source: zeebiz