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Indian Ministry of Finance Claims $88 Million in Tax Recovery From Xiaomi
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Indian Ministry of Finance Claims $88 Million in Tax Recovery From Xiaomi

Jan 07, 2022
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Indian Ministry of Finance Claims $88 Million in Tax Recovery From Xiaomi
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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., …

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