Thursday, April 25, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. Vodafone gets reminder on $2 b tax dues

Vodafone gets reminder on $2 b tax dues

New Delhi, Jan 6: British telecommunications carrier Vodafone Group Plc, on Saturday, said it had received a reminder from tax authorities on disputed tax dues over its 2007 acquisition of Indian mobile assets.Vodafone, the world's

PTI PTI Updated on: January 06, 2013 6:59 IST
vodafone gets reminder on 2 b tax dues
vodafone gets reminder on 2 b tax dues

New Delhi, Jan 6: British telecommunications carrier Vodafone Group Plc, on Saturday, said it had received a reminder from tax authorities on disputed tax dues over its 2007 acquisition of Indian mobile assets.




Vodafone, the world's biggest mobile operator by revenue, said in a statement the reminder did not include a deadline for payment.

“Vodafone has replied to this reminder, stating that it continues to believe that no tax is payable on the above transaction,'' the statement said.

Britain-based Vodafone, the largest overseas corporate investor in India, has repeatedly clashed with tax authorities over a string of tax and regulatory issues since it bought into the country in 2007.

A year ago, the Supreme Court ruled in favour of Vodafone in a five-year, $2 billion battle with tax authorities arising from its acquisition of Hutchison Whampoa's Indian mobile business.

The Centre later amended the 50-year-old tax laws enabling it to make retroactive tax claims on long-concluded corporate deals.

Prime Minister Manmohan Singh set up a panel to review the changes.
Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement