Last week, it was reported that an indirect 28% tax on companies engaged in online games and esports was approved in India. Now it turns out that it will apply only to those who trade bets for real money.
The participants of the local game show blame representatives of the gambling business for the confusion that has arisen. According to some developers, reports that the 28% tax would affect and kill the local gaming industry were part of a disinformation campaign. Her goal was to “erase the line between video games and gambling entertainment.”
The Indian government, as it turned out, sees this difference. Therefore, the new version of the law on the 28% tax was clarified that it is aimed exclusively at those games that allow you to “deposit real money to get a cash prize.”
The tax for companies engaged in the development of traditional video games remained at 18%.