ICC T20 World Cup 2021: The ICC T20 World Cup is to be play in India this year. If the Indian government does not give tax exemption to host the T20 World Cup. Then the Board of Control for Cricket in India (BCCI) may have to pay a tax of Rs 906 crore. Even if the government gives some relief. The Cricket Board of India will have to pay Rs 227 crore as tax.
The ICC T20 World Cup is still 10 months away and the International Cricket Council (ICC) has placed the United Arab Emirates (UAE) as a backup. BCCI has already missed two deadlines given by the ICC – 31 December 2019 and 31 December 2020. Now the pressure has increased .
BCCI MIGHT APPEAL FOR TAX EXEMPTION FROM GOV FOR T20 World Cup 2021
BCCI’s appeal for tax exemption in this T20 World Cup is pending with the Union Finance Ministry. The government has to take a decision on this. Interestingly, the BCCI is not even recognize as a National Sports Federation by the Sports Ministry. On the other hand, after missing two deadlines. The ICC has given two options to the BCCI, which seems to be the last for the BCCI.
The first option offer by the ICC to the BCCI is that if India has to host the T20 World Cup, then tax exemption will be given and if it is not receive then the tax has to be paid by the ICC. Another option is to organize the T20 World Cup in the UAE. The tax bracket for the ICC T20 World Cup 2021 will be at least Rs 226.58 crore and maximum Rs 906.33 crore.
Board to decide whether it wants to host the tournament or not. However, an official told that the ICC’s new deadline is February.
Another interesting point is that the current BCCI Secretary. Jai Shah is the son of the current Home Minister of the country. Amit Shah and the Treasurer Arun Dhumal is the brother of the current Minister of State for Finance Anurag Thakur. Anurag Thakur himself has also been the BCCI President. The finance ministry has to take the decision of tax exemption. Manmohan Singh had a government during the 2011 World Cup and accepted the tax exemption appeal at the last minute.
India Team Schedule 2021,The complete schedule of Team India in the year 2021
At the same time, in the T20 World Cup hosted by India in 2016, there was a rift between the BCCI and the ICC regarding the tax. At that time, the Modi government had given a discount of only 10 percent and that is why ICC cut BCCI’s stock by $ 2.375. This was discussed in the BCCI annual general meeting i.e. AGM held on 24 December 2020, in which members were divided into two factions. However, at that time the decision was left to the board officials.
Cricket Australia conspires dirty against Team India, BCCI official makes serious allegations
ICC ODI WORLD CUP 2023 MIGHT BE IN DANGER
If the Indian government refuses to give tax exemption, then the hosting of BCCI’s ODI World Cup 2023 can also be in danger. At the same time, experts believe that if the government does not get tax exemption for the 2021 T20 World Cup. Then the government will have to change its vote for at least the World Cup 2023. At the same time, an official of BCCI member associations has said that it is a question of respect for the country.
The issue of tax exemption for ICC events has arisen because the media rights of ICC are with Star India, an Indian company. The broadcaster pays the ICC for events.
If the Indian government does not give tax exemption to Star India. The broadcaster will not pay the full price fixed to the ICC. If the ICC does not get the full amount from Star India, then the ICC will pay less money to the member countries.
In fact, when the ICC entrusts the hosting of the tournament to its member country it consists of two parties. One of which is the ICC and the other is the country hosting the tournament.
An agreement is sign for the tournament. According to which the host country has to get a complete tax exemption for the tournament. The ICC also pays some amount to the host country for organizing the tournament.
Follow and share our Instagram page :-Â CLICK HERE
Follow us on Facebook :- CLICK HERE
Stay connected with us on Twitter:-Â CLICK HERE
