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Gaming platform MPL to lay...

NEW DELHI/BENGALURU: Indian gaming app Mobile...

Gaming platform MPL to lay off 350 employees to ‘survive’ after 28% GST

NEW DELHI/BENGALURU: Indian gaming app Mobile Premier League will lay off 350 employees as it takes steps to "survive" a tax imposed by the Indian government on online gaming companies, according to an internal memo seen by Reuters on Tuesday.The move comes on the back of the government's decision last month to impose a 28% goods and services tax(GST) on funds that online gaming companies collect from customers.The new rule will increase the company's tax burden by 350%-400%, MPL CEO Sai Srinivas said in the memo, adding that...

Karl Jörg - August 8, 2023

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Gaming platform MPL...

NEW DELHI/BENGALURU: Indian gaming app Mobile Premier League will lay off 350 employees as it takes steps to "survive" a tax imposed by...

Karl Jörg - August 8, 2023

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