Razorpay To Pay INR 1,245 Cr In Taxes For Domicile Shift To India

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SUMMARY

Razorpay is also targeting an initial public offering (IPO) in the next two years

The fintech unicorn recently completed the reverse flip, merging its Delaware-registered parent entity with Indian subsidiary, Razorpay Software India Pvt Ltd, to consolidate operations in the country

The amount of tax liable for shifting a domicile from one country to another is determined by the company’s valuation. Razorpay was valued at $7.2 Bn when it last raised funding of $375 Mn in…



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Razorpay To Pay INR 1,245 Cr In Taxes For Domicile Shift To India


SUMMARY

Razorpay is also targeting an initial public offering (IPO) in the next two years

The fintech unicorn recently completed the reverse flip, merging its Delaware-registered parent entity with Indian subsidiary, Razorpay Software India Pvt Ltd, to consolidate operations in the country

The amount of tax liable for shifting a domicile from one country to another is determined by the company’s valuation. Razorpay was valued at $7.2 Bn when it last raised funding of $375 Mn in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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