US EditionRazorpay To Pay INR 1,245 Cr In Taxes For Domicile Shift To India
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Razorpay To Pay INR 1,245 Cr In Taxes For Domicile Shift To India
Fintech major Razorpay will likely pay approximately INR 1,245 Cr (around $150 Mn) in taxes to the Indian government as part of its reverse flip to the country, sources close to the development told Inc42. The sources further added that the startup is also targeting an initial public offering (IPO) in the next two years. The amount of tax liable for shifting a domicile from one country to another is determined by the company’s valuation. Razorpa…
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