BYD is back in a tax storm in India after its investment plans were blocked?
BYD fears a tax storm after being blocked from investing $1 billion in a joint venture to build a factory in India。According to people familiar with the matter, the Indian Tax Intelligence Agency claimed that BYD paid less tax 7.300 million rupees (about 64 million yuan)。The person added that BYD recovered the portion of the tax after the initial findings of the Indian Tax Intelligence Agency were released。Despite this, the Indian government's investigation into BYD has not been terminated and additional taxes and fines may be imposed on the company.。
Hawk_Finance 2023-08-04
比亚迪印度建厂/中国供应链出海/税务风波