Indian Ministry of Finance Claims $88 Million in Tax Recovery From Xiaomi
In a statement issued on Wednesday, the Indian Ministry of Finance said it had sent three cause notices to Xiaomi Technology India Pvt. to recover 6.53 billion rupees ($88 million) in taxes from the company.
The ministry stated that Xiaomi India remitted royalties and license fees to Qualcomm USA and Beijing Xiaomi Mobile Software Co., …
Keep reading with a 7-day free trial
Subscribe to Pandaily to keep reading this post and get 7 days of free access to the full post archives.