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Volkswagen challenges $1.4 Bn tax demand in India
Exclusive: Volkswagen sues India to quash ‘enormous’ $1.4 billion tax demand, legal filing shows
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Volkswagen Sues India After Government Demands $1.4 Billion In Taxes - A Fight For Survival?
Volkswagen has contested a $1.4 billion tax demand from the Indian Government in the Mumbai High Court, claiming it threatens its investment and operations in the country. Click for more details.
Volkswagen sues India over $1.4bn tax demand
The dispute, which involves the importation of car parts, could impact the company's business plans and investment in India.
Volkswagen Is Suing the Government of India Over a $1.4 Billion Tax Bill
Volkswagen has filed a lawsuit against Indian authorities over what the brand describes as an "impossibly enormous" tax demand, according to a new report from Reuters — a bill of $1.4 billion.
Volkswagen sues India to quash 'enormous' $1.4 bn tax demand, legal filing shows
Volkswagen has challenged a $1.4 billion tax demand by Indian authorities, arguing it contradicts New Delhi's car part import taxation rules. The dispute jeopardizes Volkswagen's $1.5 billion investments in India.
Volkswagen moves Bombay high court against $1.4 billion duty demand
MUMBAI: Automobile major Volkswagen has approached Bombay high court to challenge a notice issued by revenue authorities last year for an "impossibly enormous" demand of $1.4 billion.The show cause notice issued in Sept 2024 under the Customs Act pertains to import of automobile parts.
Report: Volkswagen challenges $1.4 Bn tax demand in India
Volkswagen’s Indian unit, Skoda auto Volkswagen India, has filed a legal challenge against the Indian government’s $1.4 billion tax demand, calling it "Impossibly enormous" and contradictory to India's import taxation rules.
cnbctv18
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Foreign firms in billion-dollar India tax fights: Kia, Vodafone, VW and more
Several foreign companies, including Kia, Volkswagen, and Vodafone, are locked in high-stakes tax disputes with India over ...
India Today
21h
Court to hear Volkswagen India's plea against $1.4 billion tax notice on Feb 17
Lawyers representing the company mentioned the petition before the bench of Justices BP Colabawalla and Firdosh Pooniwalla ...
2d
How Volkswagen bumped into a $1.4 billion problem in India
Volkswagen is facing a $1.4 billion tax dispute with the Indian government over alleged import tax evasion for its car parts.
8d
on MSN
Volkswagen India faced customs clearance delays over alleged tax evasion case, sources say
Some air shipments of car components by Volkswagen India were briefly held up by custom authorities in Mumbai due to a $1.4 ...
2d
Volkswagen Sues India Over $1.4 Billion Import Duty; Internet React With Nirmala Sitharaman Memes
Volkswagen has slapped the Indian authorities with a lawsuit over a staggering $1.4 billion tax demand.
Khaleej Times on MSN
20h
Exclusive-India Accuses Kia of Evading Taxes of $155 Million in VW-Like Dispute
Two sources said Kia's case was similar to that of Volkswagen, accused of evading a higher tax of 30% to 35% applicable on ...
22h
Bombay HC to hear Volkswagen India's plea against $1.4 bn tax notice on Feb. 17
Bombay High Court to hear Skoda Auto Volkswagen India's plea challenging $1.4 billion tax demand on February 17.
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