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Vodafone gets tax call

New Delhi, Jan. 5 (PTI): The revenue department has sent a reminder notice to British telecom major Vodafone to pay taxes, estimated at around Rs 11,200 crore, for its acquisition of Hutchison’s stake in 2007.

“Vodafone confirms that it has received a reminder from the Indian tax authorities that the original tax demand remains due from the Hutchison Whampoa/Vodafone transaction in 2007,” the telecom firm said in a statement.

“Vodafone has replied to this reminder, stating that it continues to believe that no tax is payable on the above transaction,” the British firm said.

The tax reminder, it added, does not include any deadline for payment of the tax.

 
 
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