Vodafone gets reminder over tax dues

05 Jan 2013

British telecommunications carrier Vodafone Group Plc said today that it has received a reminder from Indian tax authorities in the matter of disputed tax dues over its 2007 acquisition of Indian mobile assets according to a Reuters report.

According to the statement of the world's biggest mobile operator by revenue, the reminder did not include a deadline for payment.

"Vodafone has replied to this reminder, stating that it continues to believe that no tax is payable on the above transaction," the statement said.

Britain-based Vodafone, the largest overseas corporate investor in India, has, on several occasions in the past, clashed with Indian authorities over a number  tax and regulatory issues after it bought into the country in 2007.

The Supreme Court last year, upheld Vodafone's position in a 5-year $2 billion battle with Indian tax authorities stemming from its acquisition of Hutchison Whampoa's Indian mobile business (see: SC rejects government's review petition in Vodafone tax case).

The government then amended the 50-year-old tax laws to enable it make retroactive tax claims on long-concluded corporate deals.