BCCI to Save Rs 1500 Crore After ICC Agrees to Bear Tax Burden

During the 2024-31 cycle, the BCCI is expected to save Rs 1500 crore (USD $200 million) in taxes by organising three major ICC events. The ICC agreed to cover the ten percent tax that the Indian cricket board is required to pay to the government. Already, the BCCI is expected to lose Rs 750 crore as a result of hosting two world cups: the 2016 World T20 and the 2023 ODI World Cup. The damage could have been worse if the 2021 T20 World Cup had not been relocated to the United Arab Emirates.

Except for the BCCI, every other cricket board receives tax exemptions from their individual governments, according to a report in the Times of India. As a result, the Indian board has suffered significant losses. All of the members agreed that the ICC should be responsible for the damages. In any case, the BCCI earns the most money by holding events in India. “The BCCI would not have to bear any revenue reduction from the ICC’s pool,” a BCCI official told TOI.

The ICC announced the hosts for its limited-overs competitions until 2031 on Tuesday. India has been named as the host country for three major events: the T20 World Cup in 2026 (co-hosted with Sri Lanka), the ODI World Cup in 2031 (co-hosted with Bangladesh), and the Champions Trophy in 2029.In a significant development, Pakistan has been awarded an ICC tournament for the first time since hosting the ODI World Cup with India and Sri Lanka in 1996. In 2025, the country will host the Champions Trophy.