Vodafone gets $760m India tax demand
Dec 19 (Reuters) - Vodafone Group Plc has received a final tax demand of about US$604 million (S$760 million) from Indian authorities, adding to its tax disputes in the country since it bought Hutchison Whampoa's mobile business there in 2007.
The British mobile operator would appeal the order soon, it said in a statement on Thursday.
Last year, Vodafone filed a petition in a local court in a so-called transfer pricing dispute after authorities sought to add 85 billion rupees (S$1.72 billion) to the taxable income of a unit, Vodafone India Services, which provided call centre services to some group companies.
In September this year, the Bombay High Court extended a stay on a final tax demand order by the authorities.