Nokia threatened to quit India over tax issue

The Dhaka Times Desk Currently, among the popularity of various brands of smartphones Nokia Still popular in middle class countries of South Asia. But recently Nokia's India is the largest market in South Asia Nokia Nokia has already threatened to leave India due to tax issues.

Nokia has complained to the Indian government that the Indian government is illegally imposing taxes on Nokia that Nokia is not supposed to pay. India, meanwhile, has demanded about Rs 542 million in tax arrears from Nokia. But Nokia has not yet paid these amounts and they are still waiting for tax exemption. Nokia also said that imposing these additional taxes violates the Indo-Finland agreement signed when Nokia came to India. According to Finland's agreement with India, even if Nokia downloads software in India, they will pay tax in Finland, but India is currently violating the agreement and asking for additional tax, which is against international agreements!

নোকিয়া সম্প্রতি ভারত সরকারকে দেয়া একটি বার্তায় জানায়, “যদিও ভারতকে আমরা আদর্শ জায়গা ভেবেছিলাম তবে বর্তমানে সেই অবস্থা বদলেছে৷ এখানকার ক্রমবর্ধমান প্রেক্ষাপট এবং রাজনৈতিক অস্থিরতা ও রাজনৈতিক প্রভাব আগের চেয়ে অনেক বেশী, ফলে ভবিষ্যতে ব্যবসায়িক সিদ্ধান্ত নেওয়ার ক্ষেত্রেও রাজনৈতিক প্রভাব কাজ করতে পারে – ভারতে ব্যবসার ক্ষেত্রে এ ব্যাপারটি ভেবে দেখা দরকার৷”

Government of India sent legal notice to Nokia for non-payment of tax. According to the information of the Indian government, Nokia is supposed to pay 542 million dollars as tax to India, but Nokia has not paid it and is still waiting for the VAT refund. Meanwhile, many multinational companies including Nokia are looking to close down their business in India due to higher taxes in India. Many are facing court cases on tax issues.

The Indian government has yet to respond to Nokia's complaint, so whether Nokia is finally leaving India due to high and unwanted taxation is now at the center of the debate.

Source: The TechJournal