The 2023 ICC ODI World Cup is scheduled to start on October 5 and conclude on November 19 according to reports from ESPNCricinfo. Also, according to information obtained by ESPNcricinfo, the world’s largest cricket stadium in Ahmedabad will serve as the final venue for BCCI, the host of the 10-team event, which has narrowed its options to at least a dozen locations.
Bangalore, Chennai, Delhi, Dharamsala, Guwahati, Hyderabad, Kolkata, Lucknow, Indore, Rajkot and Mumbai are also on the list, apart from Ahmedabad. A total of 48 matches, including three knockout rounds, will be played over the course of the 46-day event.
Other than the championship game, neither the BCCI nor the two or three cities where the teams would play the warm-up games have yet to announce the locations of any of the games. The difficulties caused by the cessation of the monsoon season at various points in various parts of India are the cause of the delay in deciding the locations.
He ICC it usually publishes the World Cup schedules at least a year in advance, but this time too it was postponed until the BCCI received the required approvals from the Indian government. This involves two main concerns: getting a tax exemption for the competition and getting a visa permit for the Pakistani team, which has not competed in India since early 2013 outside of ICC matches.
Indian government will give a green signal to Pakistan for participation in ICC World Cup 2023
The BCCI is said to have assured the international organization that the Indian government will approve visas for the Pakistani contingent at the ICC’s quarterly meetings last weekend in Dubai.
Regarding the issue of tax exemptions, it is expected that the BCCI will inform the ICC shortly on the precise position of the Indian government. When three men’s events – the 2016 T20 World Cup, the 2018 Champions Trophy (later changed to the 2021 T20 World Cup, which was moved to the UAE and Oman due to the pandemic) and the 2023 ODI World Cup – were awarded. to India in 2014, the BCCI and the ICC signed a hosting agreement that included tax exemption. Under the contract, the BCCI was “obligated” to assist the ICC (and all of its corporate partners) in obtaining tax breaks.
Indian tax authorities told the ICC last year that the proceeds from the 2023 World Cup broadcast will be subject to a 20% tax order (excluding surcharges). The BCCI noted that any taxes “incurred” by the ICC will be “adjusted” against the Indian board’s profits from the ICC’s central revenue fund in a memo sent to its members and state associations.
The ICC’s expected broadcast revenue from the 2023 World Cup was stated in the BCCI memorandum as USD 533.29 million. He claimed that a 10.92% tax order on that would have a “financial impact” of around USD 58.23 million (the BCCI note states the amount at USD 52.23 million, which appears to be a typo given the percentages listed). If the tax component were 21.84%, as the Indian tax authorities like, it would more than quadruple to over $116.47 million.