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Offshore betting platforms News

Online betting apps

27 Oct 2022

How offshore online gaming apps are evading taxes, hitting Indian economy

Revenue dept has shared a list of over two dozens offshore online betting apps. Most offshore betting businesses operate from Malta, Curacao, Belize, Gibraltar and Isle of Man that have loose tax regulations. Games of skill are taxed at 18% GST on the platform fee, while games of chance at 28% GST on contest entry amount.

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