The Directorate of Revenue Intelligence of India has accused Vivo Mobile of evading taxes worth 22.1 billion rupees ($280 million) when discovering the evasion of customs duties. As a result, a “show cause” notice has been issued to the company, which is nothing more than a legal request for the company to justify its actions.
Vivo Mobile is accused of “deliberate misstatement in the description of certain imported items”, something that is proven in principle after the Compliance Department entered 44 premises belonging to the companyseizing some property as evidence during the investigation.
According to data from the Indian authorities themselvestax evasion allowed Vivo Mobile to transfer nearly $8 billion to its parent company in China over 5 yearswhich represents almost half of Vivo Mobile’s revenues, an extremely high figure to be based on illegal activities.
Vivo is not the only smartphone brand currently under investigation, Well, it seems that Oppo is also being investigated by the Ministry of Finance in India.something that can uncover serious crimes.
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