India is not at risk of losing internet hosting rights for subsequent yr’s Twenty20 World Cup regardless of its cricket board’s failure to safe a tax exemption for the occasion, a key BCCI official has advised Reuters. Tax exemptions for International Cricket Council (ICC) occasions are listed as a requirement in host agreements and the BCCI was supposed to verify they’d secured one by May 18.
Citing correspondence between the 2 our bodies, ESPNCricinfo has reported that the ICC has threatened to shift the event away from India over the difficulty. However, BCCI treasurer Arun Singh Dhumal advised Reuters that may not occur and that negotiations have been persevering with.
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“There is no risk to the tournament,” he mentioned by phone. “That is a work in progress. We are discussing it with the ICC and we’ll resolve it.”
The BCCI encountered an identical drawback when it hosted the occasion in 2016 when the federal government refused to supply a tax exemption, and there was no change in New Delhi’s stance regardless of the board’s appeals.
Failure to safe that exemption in 2016 noticed the ICC withhold an equal sum from India’s share of income from the governing physique’s grants and it seems to be taking an excellent tougher line this time round.
“There are certain timelines within the agreements that we collectively work towards to ensure we can deliver successful world class events and continue to invest in the sport of cricket,” an ICC spokesperson advised Reuters.
“In addition to this the ICC Board agreed clear timelines for the resolution of the tax issues which we are guided by.”