Ride-hailing company Uber has restructured its corporate holdings and brought its India business, including food delivery, under Uber India Systems, which is registered in the country, sources said.
The rides business and Uber’s food delivery arm were earlier part of Uber BV, a private limited liability company registered in the Netherlands. As a result, its agreements with restaurants and payouts, which were earlier routed through the Netherlands entity, are being moved to India,two people said.
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The rides business will also be invoiced out of India going forward. The restructured business operations went live on October 1. Uber was exempt from dual taxation because of a tax treaty between India and the Netherlands.
Source: Economic Times
