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Govt Slaps Samsung With Tax Demand Of $601 Mn
March 26, 2025
|Hindustan Times Ranchi
India has ordered Samsung and its executives in the country to pay $601 million in back taxes and penalties for dodging tariffs on import of key telecoms equipment, a government order showed, for one of the biggest such demands in recent years.
NEW DELHI:
The demand represents a substantial chunk of last year's net profit of $955 million for Samsung in India, where it is one of the largest players in the consumer electronics and smartphones market. It can be challenged in a tax tribunal or the courts.
The company, which also imports telecoms equipment through its network division, received a warning in 2023 for misclassifying imports to evade tariffs of 10% or 20% on a critical transmission component used in mobile towers.
It imported and sold these items to billionaire Mukesh Ambani's telecom giant, Reliance Jio.
هذه القصة من طبعة March 26, 2025 من Hindustan Times Ranchi.
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