Niyo sbm global card has tcs or not

Niyo Global by SBM
#1

Hey @Deepak

Is we have to pay TCS( Tax collected at source) of 5% everytime with paying Niyo global card for international transactions or only after the TCS limit of 7 lakhs per financial year.

#2

Hey @Dhiva! Yes, if the financial year transaction limit of Rs.7 lakh is reached, as per RBI regulation, you’ve to pay 5% TCS for every international transaction that you do.

Regards,

1 Like