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\n An international arbitration tribunal<\/a> in February next year will begin trial on Vodafone<\/a>'s challenge to India using a retrospective legislation to seek Rs 22,100 crore in taxes, the British firm said today.<\/p>\n The tribunal headed by Sir Franklin Berman<\/a> was constituted in June 2016 after Vodafone challenged India using a 2012 legislation that gave it powers to retrospectively tax deals like Vodafone's USD 11-billion acquisition of 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa<\/a> in 2007.<\/p>\n \n\tVodafone challenged the demand of Rs 7,990 crore in capital gains taxes (Rs 22,100 crore after including interest and penalty) under the Netherlands-India Bilateral Investment Treaty (BIT).<\/p>\n \"The Indian Government has raised objections to the application of the treaty to Vodafone International Holdings BV<\/a>'s (VIHBV's) claims and to the jurisdiction of the tribunal under the Dutch BIT,\" the company in its half-yearly earning statement.<\/p>\n \n\tThe three-member arbitration tribunal decided to \"try the jurisdictional objections along with the merits of VIHBV's claim in a trial now scheduled for February 2019,\" it said.<\/p>\n \n\tOriginally, Vodafone had in August\/September 2007 received notices from the Indian tax authority alleging the firm had failed to deduct withholding tax in the Hutchison deal. \n\tThe firm challenged the notice and the Supreme Court in January 2012 \"handed down its judgement, holding that VIHBV's interpretation of the Income Tax Act 1961 was correct, that the transaction in 2007 was not taxable in India, and that consequently, VIHBV had no obligation to withhold tax,\" the statement said.<\/p>\n \n\tHowever, the Government of India through the Finance Act 2012 enacted a law to retrospectively tax any gain on transfer of shares in a non-Indian company, which derives substantial value from underlying Indian assets, such as VIHBV's transaction with Hutchison in 2007.<\/p>\n \n\tVodafone said it on January 3, 2013, received a tax demand of Rs 14,200 crore, included principal and interest but it did not include penalties.<\/p>\n \n\tThe firm on January 10, 2014, used the Dutch BIT to challenge the demand. The two sides could not resolve the issue in negotiations that followed and on April 17, 2014, Vodafone served an arbitration notice. \n\tThe company said in on February 12, 2016, received a notice \"of an outstanding tax demand of Rs 22,100 crore (which included interest accruing since the date of the original demand)\" along with a threat to confiscate Indian assets if the tax is not paid.<\/p>\n \n\tFurther on September 29, 2017, Vodafone said it \"received an electronically generated demand in respect of alleged principal, interest and penalties in the amount of Rs 19,070 crore. This demand does not appear to have included any element for alleged accrued interest liability.\"<\/p>\nVodafone said it will \"continue to defend vigorously any allegation that VIHBV or Vodafone India Ltd is liable to pay tax in connection with the transaction with Hutchison and will continue to exercise all rights to seek redress.\"<\/body>","next_sibling":[{"msid":61643985,"title":"Telecom stocks fall; Tata Tele cracks 5%","entity_type":"ARTICLE","link":"\/news\/telecom-stocks-fall-tata-tele-cracks-5\/61643985","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":61647955,"entity_type":"ARTICLE","title":"Trial in Rs 22,100-crore Vodafone tax dispute in February","synopsis":"Vodafone said it on January 3, 2013, received a tax demand of Rs 14,200 crore, included principal and interest but it did not include penalties.","titleseo":"telecomnews\/trial-in-rs-22100-crore-vodafone-tax-dispute-in-february","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2017-11-14 22:10:40","lastupd":"2017-11-14 22:16:08","breadcrumbTags":["vodafone","Vodafone International Holdings BV","Hutchison Whampoa","Industry","International Arbitration Tribunal","Sir Franklin Berman"],"secinfo":{"seolocation":"telecomnews\/trial-in-rs-22100-crore-vodafone-tax-dispute-in-february"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2017-11-14" data-index="article_1">
沃达丰(Vodafone)表示,1月3日,2013年,收到了14200卢比的税务要求,包括本金和利息,但不包括处罚。 一个国际仲裁法庭明年2月将开始试验沃达丰(Vodafone)使用回顾性的挑战印度寻求22100卢比的税收立法,英国公司今天表示。 仲裁庭由富兰克林·伯曼爵士沃达丰挑战印度使用后构成了2016年6月,2012年的一项法案,授权回顾性税收交易像沃达丰110亿美元收购手机业务67%的股份归和记黄埔(Hutchison Whampoa)在2007年。 沃达丰挑战7990卢比的需求在资本利得税(包括利息和罚款22100卢比后)下Netherlands-India双边投资条约(位)。 “印度政府提出了反对该条约的应用沃达丰(Vodafone)国际控股BV(VIHBV)称,法庭管辖下的荷兰,”该公司在其半年收入声明。 三人仲裁庭决定”的管辖权异议的优点VIHBV现在在审判定于2019年2月,”它说。 最初,沃达丰(Vodafone)在2007年8月/ 9月收到通知从印度税务当局指控该公司未能和记交易扣除预提税。 公司挑战通知和最高法院于2012年1月“传下来的判断,认为VIHBV所得税法1961的解释是正确的,2007年事务不是应税在印度,因此,VIHBV没有税收规定的扣缴义务,”声明说。 然而,印度政府通过财政法案2012年颁布了一项法律,回顾性税收任何获得转移会雇佣公司的股票的实际价值来自印度潜在资产,如VIHBV与2007年和记黄埔的事务。 沃达丰(Vodafone)表示,1月3日,2013年,收到了14200卢比的税务要求,包括本金和利息,但不包括处罚。 该公司在2014年1月10日,荷兰一些用于挑战的需求。谈判中双方无法解决问题之后,4月17日,2014年,沃达丰服务仲裁通知。 2016年2月12日,该公司表示,收到通知”的欠税22100卢比的需求(包括利息自原始需求)的日期”以及印度威胁没收资产如果不支付税收。 2017年进一步9月29日,沃达丰(Vodafone)表示,“收到一份电子生成的需求方面的所谓的本金,利息和罚金的19070卢比。这种需求似乎并没有包含任何元素因涉嫌应计利息的责任。”
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\n\tALSO READ: Income Tax department seeks Rs 32,320 crore from Hutchison over Vodafone deal<\/a><\/p>\n
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\n\tALSO READ: Not acceding to Indian jurisdiction in tax case: Vodafone to HC<\/a><\/strong><\/p>\n
试验在价值22100卢比的沃达丰(Vodafone) 2月份税务纠纷
还写道:所得税部门寻求32320卢比从和记沃达丰交易
还读:不同意印度管辖的税收:沃达丰HC
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