Online gaming firms relocating to avoid tax will be 'risky': Indian official

Online gaming firms relocating to avoid tax will be 'risky': Indian official

FILE PHOTO: The words "India online gaming regulations" are displayed in front of an Indian flag in this Illustration taken September 14, 2022. REUTERS/Dado Ruvic

Indian online gaming firms planning to relocate overseas to avoid a new 28% tax on the sector run the risk of violating the country’s foreign exchange laws, Vivek Johri, head of the indirect taxes’ department, said on Thursday.