Millet official response to tax evasion in India: it has nothing to do with recent business, and the official statement is not the final result


Tencent technology news on January 5, Beijing time, the Indian Ministry of Finance issued a statement at the information bureau of the Indian government (PIB), saying that the Indian tax Intelligence Agency (DRI) has issued a notice to Xiaomi Technology India Co., Ltd. to recover taxes of 6.53 billion rupees (about 560 million yuan) from the company.
On the evening of January 5, Xiaomi group made four responses to this matter:
1: Xiaomi adheres to legal and compliant operation worldwide and complies with relevant laws and regulations of the place of operation.
2: This time, the relevant Indian departments asked Xiaomi to pay the import taxes related to the royalties between April 1, 2017 and June 30, 2020, which has nothing to do with Xiaomi’s recent business, and the official statement is not the final result.
3: The root cause of the tax problem this time is that there are differences in the determination of the price of imported goods. Whether the royalties, including patent licensing fees, should be included in the price of imported goods is a complex technical problem in all countries.
4: Xiaomi will also continue to communicate with relevant Indian departments on this issue.