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Volkswagen challenges $1.4 Bn tax demand in India
Volkswagen sues India to quash 'enormous' $1.4 billion tax demand, legal filing shows
Volkswagen has sued Indian authorities to quash an "impossibly enormous" tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi's import taxation rules for car parts and will hamper the company's business plans,
Volkswagen sues India to quash ‘enormous’ $1.4bn tax demand
NEW DELHI: Volkswagen has sued Indian authorities to quash an “impossibly enormous” tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi’s import taxation rules for car parts and will hamper the company’s business plans, court papers show.
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.
Volkswagen sues Indian government over ‘impossibly enormous’ tax demand of $1.4 billion
In the biggest ever import tax demand, India in September slapped a $1.4 billion tax notice on Volkswagen for using a strategy to break down imports of some VW, Skoda and Audi cars into many individual parts to pay a lower duty.
Volkswagen sues Indian tax authorities over $1.4 billion demand: What's the case about?
Volkswagen's unit, Skoda Auto Volkswagen India, also told the court that the tax dispute puts at risk its investments of $1.5 billion in India.
Volkswagen unit sues Indian government over $1.4B tax bill: report
Volkswagen’s unit in India has sued tax authorities in India over an “impossibly enormous” $1.4B tax bill, Reuters reported Sunday, citing court documents. The report said that Skoda Auto Volkswagen India told the High Court in Mumbai the bill contradicts the country’s import taxation rules for auto parts and will affect its business plans.
Volkswagen sues Indian govt over $1.4 billion tax demand | Details
Volkswagen has filed a lawsuit against Indian authorities to challenge a $1.4 billion tax demand, claiming it's inconsistent with import tax rules.
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