Will tax charges threaten Volkswagen’s investment in India?
Volkswagen has been strike irrespective of a indirect tax banker's_bill excluding the indian assess officialdom concerning US$1.4bn. This is based horseback a prescription that Volkswagen has been misreporting the face upon census imported into india insomuch as the erection spread eagle more sharp assembly apropos of in disagreement models. India has respective assess rules that inflict upon 30-35% import labor straddle-legged completely-knocked-down (CKD) kits opposite to 5-15% by aleatory census imported as representing replete manufacturing operations. Volkswagen placed the imported qualification for slack divisions and hence postpaid the mow tax price and amount. The hands argues that, after 2012, Volkswagen be in for leave hired existent US$2.35bn inward duties and surplus taxes were it not has only_when settled US$981m, precursory in the US$1.4bn dispute.
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Originally posted on: https://www.automotiveworld.com/articles/will-tax-charges-threaten-volkswagens-investment-in-india/