BCCI stands to lose whopping ₹906 crore over 2021 T20 World Cup tax exemption issue?

Board of Control for Cricket in India (BCCI) could end up paying as much as ₹906 crore to International Cricket Council (ICC) if Indian central government declines m a full tax exemption. exemption in contention is for BCCI to st ICC T20 World Cup 2021 later this year. If BCCI wants to host tournament as scheduled, y would still be liable to pay ₹227 crore upon getting partial tax exemption from government.

BCCI President Sourav Ganguly with T20 World Cup 2021 Trophy

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ICC sets deline for Sourav Ganguly-led BCCI for hosting T20 World Cup 2021

T20 World Cup 2021 is scheduled to be hosted by India in October and vember later this year. As per ICC rules and regulations, host member nations need to secure a full tax exemption from ir government and need to sign an agreement with apex body before hosting any marquee event, like World Cup, T20 World Cup etc. According to reports, BCCI has alrey missed two delines set by ICC for upcoming T20 World Cup 2021.

ICC has w given two options to BCCI. options, which are also likely to final ones since BCCI missed ir earlier delines, includes relocating entire tournament to United Arab Emirates (UAE) or paying a minimum of ₹227 crore and a maximum of ₹906 crore, depending upon meeting tax liabilities.

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matter was also reportedly discussed by Indian board during ir Annual General Meeting (AGM) on December 24. However, several BCCI officials were apparently divided into two groups in taking a final call. While speaking with Times of India, an official stated that it would become a “matter of prestige” if BCCI has to pay tax in order to host T20 World Cup 2021.

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T20 World Cup 2021 and its tax exemptions aside, BCCI will soon be hosting much-awaited Dream11 Indian Premier League 2021 (IPL 2021) season. tournament is tipped to launch sometime in April.

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Im source: Sourav Ganguly Twitter