Tag: High tax rates
High tax rates will decline inbound tourism: Hoteliers
The newly imposed 28 per cent tax on luxury hotels in India, is a burden for most of the global hoteliers, as it would affect the future development plans of the brands. Major hotel brands have raised their concerns, at Hotel Investment Conference-South Asia (HICSA), that India is one of the immense taxed counties in the world. “It is a singular tax so it makes it easy to do business. But, in relation to the quantum of the tax, it makes it one of the highest taxes in the world on travel. In terms of the quantum of the tax ... Read more