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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 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.
Tariff-Hit Volkswagen (VWAGY) Slams “Impossibly Enormous” India Tax Bill
Volkswagen (VWAGY) shares skidded lower as the U.S. slapped tariffs on trading partners, but there are perhaps more pressing import tax matters
Volkswagen sues India to quash 'enormous' $1.4 billion tax demand, legal filing shows
Volkswagen
's unit, Skoda Auto
Volkswagen
India
, also told the High Court in Mumbai the tax dispute puts at risk its investments of $1.5 billion in
India
, and is detrimental to the foreign ...
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 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.
Kia, India
Exclusive-India accuses Kia of evading taxes of $155 million in VW-like dispute
India has accused South Korea's Kia of evading taxes of $155 million by misclassifying component imports but the carmaker has denied wrongdoing, the latest fight by a foreign automaker with New Delhi over tariffs,
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 import duties and M&A levies, impacting investments and business operations.
Carmaker Kia becomes latest global firm to face tax trouble in India
Indian tax authorities have sent a confidential notice to South Korean car maker Kia Motors accusing it of evading millions of dollars in taxes. The amount could be as high as $155m (£125m) and the notice was sent in April last year,
1h
Tax evasion notices to Volkswagen, Kia for misclassifying imported parts, says customs chief
A duty of 30 to 35 per cent is applicable on parts imported in CKD form in a single shipment, whereas importing them ...
Auto Today on MSN
3h
Volkswagen entry-level electric car to debut as concept in March
Volkswagen will showcase its new entry-level electric car in the concept form at the beginning of next month (March 2025).
9d
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 ...
Autocar India on MSN
4h
Volkswagen entry level EV teased ahead of 2027 debut
Most affordable Volkswagen EV to get SUV like looks and make its global debut in 2027. Tap VW EV expansion plans and ...
1d
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.
2d
on MSN
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 ...
3d
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.
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