Business of games: India game recession is ON with 28% tax on online game

10B busines in stake

Hey Friends, Greetings from Bangalore 💗

India’s tax regime update, 28% TAX on entry fee, and 30% on withdraws. With NO distinction between a “game of skill” and a “game of chance”.

Last time when 30% of tax was imposed on crypto, developers/exchanges fled to Dubai. Now my players will flee to offshore platforms — will it lead to the India game recession?

Cartic P, iCartic.com