Proposed tax on international card purchases may drive sale of luxury brands in India – ET Retail
Representative Image The government’s proposal to impose a 20% tax on expenditures made abroad under the Liberalised Remittance Scheme, in case of amounts exceeding ₹7 lakh in a financial year from October 1, is likely to push the sale of luxury brands in India, experts said. Covid had helped boost demand for luxury brands in…