button googleplaybutton appstorebutton blackberry

 

facebooktwitter2linkedinyoutube

 

Broadcast

KPMG calls for simpler tax for India’s media sector

Tax laws for India's media and entertainment industry need simplifying, according to global management consultants KPMG.

"The industry hopes for simplification of the onerous tax laws and resolution of some of the long standing tax controversies impacting this sector," Himanshi Parekh, partner, KPMG India, is quoted as saying in the Economic Times.

The levy of service tax and value added tax (VAT) on content copyright is, he said, "a major pain point for the industry".

The broadcasting sector is plagued with tax issues, he added, pointing in particular to the uncertainty around payments that have tax deduction at source (TDS), and higher withholding tax at 20% in the absence of a permanent account number.

"Issues surrounding potential levy of service tax as well as VAT [value added tax] on activation charges and recharge coupon vouchers has been haunting the direct to home (DTH) television industry," said Parekh.

Entertainment tax, levied at between 30-40%, on the exhibition of films is also a concern, KPMG believes.

Post your comments

    Most read news

    • Last 7 days
    • Last 30 days
    • Always
    Indian direct to home (DTH) satellite TV operator Videocon d2h is adding Zee TV's high definition (HD) entertainment channel to its...
    Subhash Chandra, the chairman of Dish TV's parent company Essel Group, is looking to work with UAE authorities to stop residents...
    India's Information and Broadcasting ministry has asked the Telecom Regulatory Authority of India (TRAI) to come up with measures to...
    Pay-TV channels are to be added to Arasu Cable TV’s free to air package, which was re-launched by Tamil Nadu Government earlier this...
    A device to inject new life into the tablet industry in India has been launched by the Indian government at a subsidised price of just...
    India's 9X Media is to launch a new 24 hour Marathi music channel called 9X Jhakaas on 31 October, in what is set to be the first of...

    etg120x60fbtv120x60fbt120x60pp120x60pp120x60