Voda launch 4G in Dec 2015

Vodafone’s Tax Battle in India Escalates

Comments Off on Vodafone’s Tax Battle in India Escalates 7

Vodafone’s tax battles in India have been exacerbated, with the nation’s Income Tax Appellate Tribunal ruling that it has jurisdiction to hear a case related to an 85 billion rupee ($1.36 billion) transfer pricing dispute.

The tribunal has determined to arbitrate the dispute, but has sent the case back to tax officials to decide on the revised taxable amount before doing so, the Economic Times reported.

Tax officials’ estimates for the valuation of the transaction have also not been accepted.

With the decision, the Tribunal has ruled that the sale of Vodafone India’s call centre business to Hutchison Whampoa Properties and an issue of call options to parent Vodafone International were considered an international transaction.

This means that India’s regulations on transfer pricing apply to the case, according to the Tribunal’s decision. Original post at Telecom Asia

Tagged with: , ,
Wahengbam Rorrkychand

View all contributions by Wahengbam Rorrkychand

Website: http://www.blog.tonsetelecom.com

Similar articles

Get in Touch

Phone: +91 80 4093 6921
Web: www.tonsetelecom.com