Indian agency accuses Vivo of $280 million tax evasion
FILE PHOTO: A scooterist rides past a shopping complex with the billboard of Chinese smartphone maker Vivo in Ahmedabad, India, December 14, 2018 REUTERS/Amit Dave
MUMBAI : An Indian government agency has accused Chinese-owned Vivo Mobile of evading taxes worth 22.1 billion Indian rupees ($280 million), it said in a statement
India's Directorate of Revenue Intelligence detected customs duty evasion, following which it has issued a show cause notice to Vivo India, the statement said.
Vivo India did not immediately respond to a Reuters request for comment.
($1 = 79.1660 Indian rupees)
Source: Reuters
