India accused vivo of tax evasion of nearly 654.38+09 billion. According to Reuters's report today, the Indian Tax Intelligence Bureau once again claimed to have discovered the tax evasion of vivo, involving 2265438+09 billion Indian Rupee. India accused vivo of tax evasion of nearly 654.38+09 billion.
India accuses vivo of tax evasion of nearly 65.438+0.96 billion 654.38+0 According to foreign media reports, the General Administration of Taxation of India issued an announcement on the 3rd, accusing vivo of tax evasion of 226.5438+0.7 billion rupees (about 65.438+0.89 billion yuan).
The General Administration of Tax Information of India said that after searching the factory of vivo India Company, it was found that vivo India Company deliberately made false declarations in the descriptions of some imported products, which were used to manufacture mobile phones.
According to the previous report of Global Times, the Indian Law Enforcement Bureau raided vivo in 44 locations in India on July 5, claiming to investigate whether it was engaged in so-called money laundering activities. At that time, vivo responded that "vivo is cooperating with relevant departments in India to provide them with all the information they need. As a responsible company, we strictly abide by all local laws and regulations in India. "
The Indian Law Enforcement Bureau issued a statement on July 7, saying that it raided 48 business locations associated with vivo India Company and found that vivo India Company remitted about half of its local sales (Rs. 624.76 billion) out of India for tax avoidance, so it frozen 1 19 bank accounts related to vivo India Company and seized Rs. 4.65 billion in bank cash and its affiliates.
According to the documents submitted by vivo to the High Court of Delhi, India, due to the freezing of the account, vivo will not be able to pay the statutory membership fees and wages. On July 13, local time, the Indian Delhi High Court allowed vivo's bank account to be unfrozen, provided that vivo provided 9.5 billion Indian Rupee guarantee to the bank. The court also instructed vivo to keep a balance of 2.5 billion rupees in the account.
According to the research report released by Counterpoint Research, in the first quarter of 20021,China brand occupied 75% of the Indian smartphone market, and vivo ranked third in the Indian smartphone market share, with a market share of 16%.
India accused vivo of tax evasion of nearly1.90 billion. At the beginning of July this year, the Indian financial crime crackdown agency raided vivo's office, freezing 1 19 bank accounts related to vivo's Indian business and its affiliated companies, and these accounts were unfrozen a week later.
However, according to Reuters's report today, the Indian Tax Intelligence Bureau claimed to have discovered the tax evasion of vivo, involving an amount of 2,265,438+billion Indian Rupee (about10.905 billion RMB), and sent a notice explaining the reasons to vivo India. Vivo has not yet responded to the allegations.
Recently, India has carried out many enforcement actions against China's mobile phone enterprises, including Xiaomi, vivo and OPPO. On July 29th, India once again removed the special edition of "Battlefield Mobile India" from the mobile game "Jedi Survival".
Zhao Ming, CEO of Glory, said in an interview that Glory had a team several years ago and operated in India for a long time. At present, glory still has partners in India and has started related businesses. At the same time, the Indian market has always been profitable, and glory will take a very safe way to conduct business in the Indian market in the future.
Four mobile phone manufacturers in China have been targeted.
Previously, China mobile phone companies such as Huawei, Xiaomi, vivo and OPPO were targeted by the Indian government to varying degrees.
According to media reports such as Reuters, the Indian Ministry of Finance issued a statement on July 13, local time, saying that an investigation by the Indian Tax Intelligence Bureau (DRI) found that OPPO evaded tariffs by nearly 43.9 billion rupees (about 556,543.8 billion US dollars, equivalent to 3.7 billion yuan), and "a notice has been sent to OPPO India to ask for tax payment".
According to the statement, Indian investigators found evidence that OPPO "wrongly used tariff exemptions for some imported products used to produce mobile phones" and did not include the paid patent fees when calculating the transaction value of imported goods. The statement said that the Indian Tax Intelligence Bureau suggested that OPPO, OPPO India and related employees should be punished, but it did not elaborate.
OPPO India responded in an e-mail statement: "We have different views on the allegations mentioned in the Indian government statement. We think this is an industry-wide problem, and many enterprises are trying to solve this problem. OPPO India will reply to the notice, put forward our views and further cooperate with relevant government departments. "
OPPO India said: "OPPO India is a responsible company and believes in a prudent corporate governance framework. OPPO India will take appropriate measures that may be needed in this regard, including any remedial measures prescribed by law. "
In June 5438+10, Xiaomi was paid a tax of 6.53 billion rupees (about 560 million yuan), and then it was frozen (later thawed) by 725 million dollars in April.
In February this year, the Indian income tax authorities accused an Indian subsidiary of Huawei of repatriating a large amount of funds to its parent company in the form of dividends, reducing its taxable income in India and freezing the bank account of Huawei's Indian subsidiary. In April this year, the High Court of Delhi, India, suspended the account freeze at the request of Huawei and sought a response from the tax authorities.
At the beginning of July, vivo was investigated by India, and the account of 1 19 was frozen, with funds of nearly 400 million yuan. The Delhi High Court allowed the bank account of vivo to be unfrozen on June 5438+03, local time, provided that vivo provided the bank with a guarantee of 9.5 billion Indian Rupee (about 65438+/kloc-0.90 million US dollars, about 800 million RMB). The court also instructed vivo to keep a balance of 2.5 billion rupees in the account.
It is understood that the tax issue is a common way for the Indian government to supervise or restrict foreign-funded enterprises. In recent years, the Indian tax authorities have conducted tax investigations on many foreign-funded enterprises such as Shell, Nokia, IBM, Wal-Mart and Kane Energy, and issued high fines, including many cases in which the Indian government lost the case.
According to the report of Securities Times E Company, relevant statistics show that at least 500 Chinese-funded enterprises have encountered tax and compliance investigations in India, which is the largest and most far-reaching systemic crisis faced by Chinese-funded enterprises since they entered India.
Zhao, a spokesman for the Ministry of Foreign Affairs of China, said that China is highly concerned about the China government's consistent demand for China enterprises to operate legally overseas, while firmly supporting China enterprises to safeguard their legitimate rights and interests.
India accused vivo of tax evasion of nearly 65.438+0.9 billion yuan. According to foreign media reports, India's General Administration of Taxation and Information (DRI) issued an announcement accusing vivo of tax evasion of 226.5438+0.7 billion rupees (about 65.438+0.89 billion yuan).
According to previous reports, in early July this year, the Indian financial crime crackdown agency raided vivo's office and frozen 1 19 bank accounts related to the Indian business of vivo and its affiliated companies, with an account holding 4.65 billion rupees (about 390 million yuan). Today, DRI claimed to have discovered the tax evasion of vivo, and the Indian company of vivo deliberately made false declarations in the descriptions of some imported products. The agency has sent a notice to vivo.
DRI accused vivo India of receiving unqualified tax exemption with a total amount of rupees. 2,265,438+700 million, and has sent a reason explanation to vivo India Company, and requested to levy Rs tariff. 2265438+700 million.
Due to "well-known" reasons, the team has withdrawn from India.
Since the beginning of this year, the operating environment of domestic mobile phone market is not good, and the dependence of China mobile phone manufacturers on overseas markets is becoming more and more obvious. However, in India, Xiaomi, OPPO and vivo have been targeted by relevant Indian departments, casting a shadow over the development of Chinese enterprises in India.
On the evening of July 2 1, after the launch of glory new products, Zhao Ming, CEO of glory, accepted a collective interview with the media. Regarding the Indian market, Zhao Ming said that Glory had a team in India a few years ago, which has been operating for a long time. Later, due to well-known reasons, the glorious Indian team withdrew. At present, glory still has partners in India and has started related businesses. At the same time, the Indian market has always been profitable, and Glory will conduct business in the Indian market in a very safe way in the future.
Judging from the market ranking, compared with Xiaomi, OPPO and vivo, the Indian market is much less important to glory, and the choice of glory may be difficult to be a reference for the other three major manufacturers.