$601 million tax & fine notice to Samsung
Indian tax authorities have demanded Samsung and its executives to pay $601 million in back taxes and penalties for misclassifying telecom equipment imports. The company was accused of evading tariffs, with seven executives facing fines. Samsung claims compliance with the law and is exploring legal options.
Indian tax authorities have demanded Samsung and its executives to pay $601 million in back taxes and penalties for misclassifying telecom equipment imports. The company was accused of evading tariffs, with seven executives facing fines. Samsung claims compliance with the law and is exploring legal options.
