Tech
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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