\"\"NEW DELHI: The Income Tax<\/a> department plans to rebut Vodafone's notice under BIPA saying that the pact between India and Netherlands does not cover taxation issues.
\n
The response to the Bilateral Investment Promotion and Protection Agreement (BIPA) notice was finalised after a meeting of the inter-ministerial group, headed by the
Finance Secretary<\/a>.
\n
\nThe other members of the IMG were secretaries from Economic Affairs, the ministries of Law and External Affairs.
\n
\n\"Tax department has finalised its response to the notice saying BIPA does not cover tax issues. The reply has been sent the Finance Minister,\" an official source told PTI.
\n
\nOnce the ministry gives its go-ahead to the response, the final reply will be sent to Vodafone.
\n
UK-based Vodafone is in the thick of Rs 20,000 crore capital gains tax dispute with the government that relates to its 2007 acquisition of Hong Kong firm
Hutchison Whampoa<\/a>'s stake in India's Hutchison Essar.
\n
\nWhile the basic tax demand for the acquisition is Rs 7,990 crore, outstanding dues, including a penalty of a similar amount and accrued interest, run into Rs 20,000 crore.
\n
\nVodafone had on January 10 served a supplementary notice to India invoking the India-Netherlands BIPA in which it said that dispute in respect of transfer pricing case between Vodafone India Services (VISPL) and VIHBV.
\n
It said the amendment to the I-T Act will cause
Vodafone International Holdings BV<\/a> (VIHBV) substantial financial loss.
\n
Since Vodafone has been insisting that tax issues are covered under BIPA, the source said the telecom firm is likely to approach
Arbitration Tribunal<\/a> under United Nations.
\n
The Cabinet had in June 2013 approved a
Finance Ministry<\/a> proposal to go in for conciliation with Vodafone to resolve the tax dispute.
\n
\nHowever, the talks broke down after Vodafone issued a supplementary notice to the government, invoking the BIPA and demanded that a separate transfer-pricing case be clubbed with the capital gains tax matter.
\n
The company wanted to club a Rs 3,700 crore transfer- pricing case of Vodafone India Services with the capital gains tax issue. The transfer pricing matter is pending in
Bombay High Court<\/a>.
\n
\nOn the capital gains case, the Supreme Court had ruled in Vodafone's favour in 2012, saying it was not liable to pay any tax over the acquisition of assets in India from Hong Kong-based Hutchison.
\n
\nLater that year, the government changed the rules to enable it to make retrospective tax claims on such deals, including that of Vodafone.\n\n<\/body>","next_sibling":[{"msid":30911049,"title":"Last date for spectrum payment extended to March 3","entity_type":"ARTICLE","link":"\/news\/policy\/last-date-for-spectrum-payment-extended-to-march-3\/30911049","category_name":null,"category_name_seo":"policy"}],"related_content":[],"msid":30911203,"entity_type":"ARTICLE","title":"Income Tax department finalises response to Vodafone's BIPA notice","synopsis":"The Income Tax department plans to rebut Vodafone's notice under BIPA saying that the pact between India and Netherlands does not cover taxation issues.","titleseo":"policy\/income-tax-department-finalises-response-to-vodafones-bipa-notice","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2014-02-24 07:37:46","lastupd":"2014-02-24 07:37:46","breadcrumbTags":["Vodafone International Holdings BV","policy","Income Tax","Finance secretary","Finance Ministry","Bombay high court","M&A","Hutchison Whampoa","Arbitration Tribunal"],"secinfo":{"seolocation":"policy\/income-tax-department-finalises-response-to-vodafones-bipa-notice"}}" data-authors="[" "]" data-category-name="Policy" data-category_id="19" data-date="2014-02-24" data-index="article_1">

收入税务部门将对沃达丰的BIPA通知

所得税部门计划反驳沃达丰的注意下BIPA说印度和荷兰之间的协议不涉及税务问题。

  • 发布于2014年2月24日07:37点坚持
新德里:所得税部门计划反驳沃达丰的注意下BIPA说印度和荷兰之间的协议不涉及税务问题。

应对双边投资促进和保护协定(BIPA)通知后敲定部际会议组,由财政部长

的其他成员IMG从经济事务秘书,法律和对外事务的部门。

“税务部门已完成其响应通知说BIPA不包括税务问题。回复已发送财政部长,”一位官员告诉PTI来源。

一旦部门放行响应,其最终的回复将被发送到沃达丰。

英国沃达丰的厚20000卢比资本利得税与政府与2007年收购香港公司和记黄埔(Hutchison Whampoa)印度Hutchison Essar的股份。

虽然基本税收对收购的需求是7990卢比,杰出的会费,包括一个点球的类似的金额和应计利息,遇到20000卢比。

沃达丰(Vodafone) 1月10日曾补充通知印度调用India-Netherlands BIPA说,对转让定价案件纠纷(VISPL)和VIHBV沃达丰印度之间的服务。

它说它的修正案将导致行动沃达丰(Vodafone)国际控股BV(VIHBV)巨大的经济损失。

沃达丰以来坚持税收问题已经包含在BIPA,消息人士称,电信公司可能的方法仲裁庭在联合国。

内阁在2013年6月批准了一项财政部与沃达丰(Vodafone)提议参加调解解决税务纠纷。

然而,谈判破裂后,沃达丰(Vodafone)发布了一份补充通知政府,调用BIPA转移定价情况,要求一个独立的募集的资本利得税。

该公司想俱乐部3700卢比,转移定价的沃达丰印度服务与资本利得税的问题。转让定价问题仍然悬而未决孟买高等法院

资本收益的情况下,最高法院在2012年裁定对沃达丰的有利,说它没有责任支付任何税收的收购资产从香港和记黄埔在印度。

同年晚些时候,政府改变了规则,使它回顾这些交易征税,包括沃达丰。
  • 发布于2014年2月24日07:37点坚持
是第一个发表评论。
现在评论

加入2 m +行业专业人士的社区

订阅我们的通讯最新见解与分析。乐动扑克

下载ETTelec乐动娱乐招聘om应用

  • 得到实时更新
  • 保存您最喜爱的文章
扫描下载应用程序
\"\"NEW DELHI: The Income Tax<\/a> department plans to rebut Vodafone's notice under BIPA saying that the pact between India and Netherlands does not cover taxation issues.
\n
The response to the Bilateral Investment Promotion and Protection Agreement (BIPA) notice was finalised after a meeting of the inter-ministerial group, headed by the
Finance Secretary<\/a>.
\n
\nThe other members of the IMG were secretaries from Economic Affairs, the ministries of Law and External Affairs.
\n
\n\"Tax department has finalised its response to the notice saying BIPA does not cover tax issues. The reply has been sent the Finance Minister,\" an official source told PTI.
\n
\nOnce the ministry gives its go-ahead to the response, the final reply will be sent to Vodafone.
\n
UK-based Vodafone is in the thick of Rs 20,000 crore capital gains tax dispute with the government that relates to its 2007 acquisition of Hong Kong firm
Hutchison Whampoa<\/a>'s stake in India's Hutchison Essar.
\n
\nWhile the basic tax demand for the acquisition is Rs 7,990 crore, outstanding dues, including a penalty of a similar amount and accrued interest, run into Rs 20,000 crore.
\n
\nVodafone had on January 10 served a supplementary notice to India invoking the India-Netherlands BIPA in which it said that dispute in respect of transfer pricing case between Vodafone India Services (VISPL) and VIHBV.
\n
It said the amendment to the I-T Act will cause
Vodafone International Holdings BV<\/a> (VIHBV) substantial financial loss.
\n
Since Vodafone has been insisting that tax issues are covered under BIPA, the source said the telecom firm is likely to approach
Arbitration Tribunal<\/a> under United Nations.
\n
The Cabinet had in June 2013 approved a
Finance Ministry<\/a> proposal to go in for conciliation with Vodafone to resolve the tax dispute.
\n
\nHowever, the talks broke down after Vodafone issued a supplementary notice to the government, invoking the BIPA and demanded that a separate transfer-pricing case be clubbed with the capital gains tax matter.
\n
The company wanted to club a Rs 3,700 crore transfer- pricing case of Vodafone India Services with the capital gains tax issue. The transfer pricing matter is pending in
Bombay High Court<\/a>.
\n
\nOn the capital gains case, the Supreme Court had ruled in Vodafone's favour in 2012, saying it was not liable to pay any tax over the acquisition of assets in India from Hong Kong-based Hutchison.
\n
\nLater that year, the government changed the rules to enable it to make retrospective tax claims on such deals, including that of Vodafone.\n\n<\/body>","next_sibling":[{"msid":30911049,"title":"Last date for spectrum payment extended to March 3","entity_type":"ARTICLE","link":"\/news\/policy\/last-date-for-spectrum-payment-extended-to-march-3\/30911049","category_name":null,"category_name_seo":"policy"}],"related_content":[],"msid":30911203,"entity_type":"ARTICLE","title":"Income Tax department finalises response to Vodafone's BIPA notice","synopsis":"The Income Tax department plans to rebut Vodafone's notice under BIPA saying that the pact between India and Netherlands does not cover taxation issues.","titleseo":"policy\/income-tax-department-finalises-response-to-vodafones-bipa-notice","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2014-02-24 07:37:46","lastupd":"2014-02-24 07:37:46","breadcrumbTags":["Vodafone International Holdings BV","policy","Income Tax","Finance secretary","Finance Ministry","Bombay high court","M&A","Hutchison Whampoa","Arbitration Tribunal"],"secinfo":{"seolocation":"policy\/income-tax-department-finalises-response-to-vodafones-bipa-notice"}}" data-news_link="//www.iser-br.com/news/policy/income-tax-department-finalises-response-to-vodafones-bipa-notice/30911203">