Samsung challenges $520 million tax demand in India, citing Reliance's similar import practice

From Yahoo Finance: 2025-05-04 02:43:00

Samsung is challenging a $520 million tax demand in India for allegedly misclassifying imports of networking gear. The company argues officials were aware of the practice as Reliance imported the same component in a similar manner for years. Volkswagen has also sued the Indian government for a record $1.4 billion for misclassifying component imports. The tax authorities asked Samsung to pay $520 million in January for evading tariffs. Samsung criticizes Indian authorities for being aware of the business model. The tax demand represents a substantial chunk of Samsung’s net profit in India last year.



Read more at Yahoo Finance: Samsung fights $520 million India tax demand, points to Reliance practice