Tax on Netflix..!? IT department decision soon..!?

Sowmiya Sriram
Tax on Netflix..!? IT department decision soon..!?
It seems that the IT department in india is thinking of taxing Netflix (Tax on Netflix in India). The country is planning to tax revenue from streaming services. A report revealed the same thing. If this is implemented, this will be the first time that foreign wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital companies will be taxed. Netflix is likely to data-face this tax for the first time among the companies providing electronic commerce services in India. The main reason for this is that Netflix has become a permanent establishment in India. Despite having its headquarters in America, this company provides services on a large scale in india as well. The fact that Netflix, one of the most popular streaming platforms in the world, is earning well in india has come to the attention of the IT department. According to the details disclosed in a report... IT officials said that Netflix earned Rs. 55 crores in india in the financial year 2021-22. He said Netflix has employees and offices in India. It turns out that a large amount of funds are also coming from the parent company. That's seems that the IT department has explained that this service is considered a Permanent Establishment.
Netflix services started in india in 2016. At present, there are about 60 lakh subscribers in india (Netflix Subscribers in India). Netflix Vice President of Content monica Shergill (Monica Shergill) previously made key comments. It has been revealed that Netflix Streaming Hours are increasing by 30% annually in India. Revenue has also increased by 25% compared to earlier, he said. india is a very important market for Netflix. Internationally in 2022, most subscribers came from India.
A key decision on password sharing:
Netflix recently announced that it will end password sharing soon. The announcement comes as Netflix ramps up efforts to increase its subscription numbers. Now, the company has updated its FAQ page with more details. How do you stop two different users from using the same account? Netflix has made it clear that people who don't live in your household have to use their own accounts to watch series, movies. In the FAQ section, if someone signs into your account from a device that isn't in your Netflix home or regularly accesses your account from outside of your home, the company will ask you to verify that device. The company recommends that users get their own individual plans rather than sharing them. Users can create more profiles if they still want to use the same account. But it is only available with own plans.

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