- MAY, 2007: Vodafone<\/a> acquired stake in Hutchison Essar for $11.2 bn<\/li>
- Vodafone International<\/a> Holdings BV bought the stake of Hutchison Telecommunications International Ltd<\/a> in Hutchison Essar<\/li>
- Deal between companies based overseas; executed in Cayman Islands<\/li><\/ul>
TAX TROUBLE<\/a> <\/strong>- OCT 30, 2009: Income tax dept<\/a> served notice to Vodafone International Holdings<\/li>
- Notice under Sections 201 and 201 (1A) of the Income Tax<\/a> Act for non-deduction of tax at source on the $11.2 bn transaction<\/li>
- OCT 30, 2010: IT Dept ordered Vodafone to furnish Rs 11,218 cr under Sections 201 and 201(1A).<\/li>
- APR 29, 2011: Rs 7,900 cr penalty was imposed<\/li><\/ul>
LITIGATION<\/strong>- SEPT 8, 2010: The Bombay High Court upheld the tax authorities decision. Dept raised tax demand in the subsequent month<\/li>
- JAN 20, 2012: SC set aside Bombay High Court decision; quashed tax & interest demand<\/li>
- It said transaction was between two overseas entities & Indian tax authorities had no territorial tax jurisdiction<\/li>
- FEB 17, 2012: Govt filed review petition<\/li>
- MAR 20, 2012: SC dismissed the review petition<\/li><\/ul>
THE RETRO AMENDMENT<\/strong>- 2012 Indian govt amended the Income Tax Act retrospectively<\/li>
- Section 119 of the Finance Act validated the tax levied on Vodafone<\/li>
- Government said the amendment was only a clarification to remove ambiguity and provide certainty<\/li><\/ul>
TAX DEMAND BACK ON TABLE<\/strong>- JAN 3, 2013: IT dept raised a fresh demand was issued for Rs 11,218 cr<\/li>
- Vodafone subsequently sought to settle the case<\/li>
- A committee set up to resolve the issue failed to make any headway<\/li><\/ul>
ARBITRATION<\/a><\/strong>- APR 2014: Vodafone served arbitration notices under the India-Netherlands treaty<\/li>
- New government did not roll back demand but said no fresh action under retrospective tax<\/li>
- A fresh demand was issued on February 12, 2016, for Rs 22,100 cr tax<\/li>
- SEPT 25, 2020: The Hague-based arbitration court ruled in favour of Vodafone<\/li>
- DEC 21, 2020: India challenges arbitration award at Singapore<\/li><\/ul>
<\/body>","next_sibling":[{"msid":79953535,"title":"Telecom industry's active subscriber tally up by 2.5 million in October: Report","entity_type":"ARTICLE","link":"\/news\/telecom-industrys-active-subscriber-tally-up-by-2-5-million-in-october-report\/79953535","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"79950496","title":"Voda-reuters","entity_type":"IMAGES","seopath":"news\/economy\/policy\/vodafone-retro-tax-case-all-you-need-to-know\/voda-reuters","category_name":"Vodafone retro tax case: All you need to know","synopsis":"Vodafone","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-1183112\/79950496.cms?width=150&height=112","link":"\/image\/economy\/policy\/vodafone-retro-tax-case-all-you-need-to-know\/voda-reuters\/79950496"}],"msid":79953553,"entity_type":"ARTICLE","title":"Vodafone retro tax case: All you need to know","synopsis":"In 2012, Indian govt amended the Income Tax Act retrospectively.","titleseo":"telecomnews\/vodafone-retro-tax-case-all-you-need-to-know","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":1367,"shares":0,"engagementtimems":6835000},"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2020-12-25 14:29:05","lastupd":"2020-12-25 14:30:17","breadcrumbTags":["Vodafone","Income tax dept","hutchison essardeal","Hutchison Telecommunications International Ltd","Tax","Industry","international","arbitration","retro tax","tax trouble"],"secinfo":{"seolocation":"telecomnews\/vodafone-retro-tax-case-all-you-need-to-know"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2020-12-25" data-index="article_1">事务
- 2007年5月:沃达丰(Vodafone)以112亿美元的价格收购股份Hutchison Essar
- 沃达丰(Vodafone)国际持有BV的股权收购和记电讯国际有限公司在Hutchison Essar
- 海外公司之间的交易;在开曼群岛执行
税收问题
- 2009年10月30日:所得税部门注重沃达丰国际控股
- 注意在201年和201年部分(1)的收入税为从源non-deduction税款112亿美元交易
- 2010年10月30日:部门下令沃达丰提供Rs 11218 cr在部分201和201 (1)。
- 2011年4月29日:Rs 7900 cr是处罚
诉讼
- 2010年9月8日:孟买高等法院支持税务机关决定。需求部门提出了税收在随后的月
- 2012年1月20日:SC留出孟买高等法院决定;取消税收和利益需求
- 它表示两个海外实体之间的交易和印度税务机关没有领土的税收管辖权
- 2012年2月17日:政府提交审核申请
- 2012年3月20日:SC驳斥了审查请愿书
复古的修正案
- 2012年印度政府修改了所得税法回顾性
- Section 119的财政法验证了税收征收沃达丰
- 政府表示,修正案只是一个澄清消除歧义并提供确定性
税收需求表
- 2013年1月3日:部门提出了一个新的需求发布Rs 11218 cr
- 沃达丰随后试图解决这个情况
- 建立一个委员会来解决这个问题未能取得任何进展
仲裁
- 2014年4月:沃达丰India-Netherlands条约下仲裁通知
- 新政府没有回滚需求但说不新鲜的行动在回顾税
- 新的需求发布于2016年2月12日,Rs 22100 cr税
- 2020年9月25日:海牙仲裁法院裁定赞成沃达丰
- 2020年12月21日:印度挑战在新加坡仲裁裁决
- Notice under Sections 201 and 201 (1A) of the Income Tax<\/a> Act for non-deduction of tax at source on the $11.2 bn transaction<\/li>
- Vodafone International<\/a> Holdings BV bought the stake of Hutchison Telecommunications International Ltd<\/a> in Hutchison Essar<\/li>
读到
- MAY, 2007: Vodafone<\/a> acquired stake in Hutchison Essar for $11.2 bn<\/li>
- Vodafone International<\/a> Holdings BV bought the stake of Hutchison Telecommunications International Ltd<\/a> in Hutchison Essar<\/li>
- Deal between companies based overseas; executed in Cayman Islands<\/li><\/ul>
TAX TROUBLE<\/a> <\/strong>- OCT 30, 2009: Income tax dept<\/a> served notice to Vodafone International Holdings<\/li>
- Notice under Sections 201 and 201 (1A) of the Income Tax<\/a> Act for non-deduction of tax at source on the $11.2 bn transaction<\/li>
- OCT 30, 2010: IT Dept ordered Vodafone to furnish Rs 11,218 cr under Sections 201 and 201(1A).<\/li>
- APR 29, 2011: Rs 7,900 cr penalty was imposed<\/li><\/ul>
LITIGATION<\/strong>- SEPT 8, 2010: The Bombay High Court upheld the tax authorities decision. Dept raised tax demand in the subsequent month<\/li>
- JAN 20, 2012: SC set aside Bombay High Court decision; quashed tax & interest demand<\/li>
- It said transaction was between two overseas entities & Indian tax authorities had no territorial tax jurisdiction<\/li>
- FEB 17, 2012: Govt filed review petition<\/li>
- MAR 20, 2012: SC dismissed the review petition<\/li><\/ul>
THE RETRO AMENDMENT<\/strong>- 2012 Indian govt amended the Income Tax Act retrospectively<\/li>
- Section 119 of the Finance Act validated the tax levied on Vodafone<\/li>
- Government said the amendment was only a clarification to remove ambiguity and provide certainty<\/li><\/ul>
TAX DEMAND BACK ON TABLE<\/strong>
- Notice under Sections 201 and 201 (1A) of the Income Tax<\/a> Act for non-deduction of tax at source on the $11.2 bn transaction<\/li>
- Vodafone International<\/a> Holdings BV bought the stake of Hutchison Telecommunications International Ltd<\/a> in Hutchison Essar<\/li>
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