Indian Government Income Tax department has slapped Rs 2,000 crore fine on Nokia for alleged tax violation. When IT department raided their factories in Chennai, Nokia responded that they are following all IT norms in India and the raid was a regular check done by officials.
As a global company, Nokia consistently fields a large and steady number of tax queries, audits and assessments. Nokia’s commitment to being a good corporate citizen is firm and unwavering: we always observe applicable laws and rulings in the countries where we operate. This has been a core principle of our operations in India, where Nokia has been present since 1995.
Today, IT department announced that it has slapped Rs.2000 crore fine on Nokia for not paying taxes properly. However, Delhi High Court has issued a stay on the demand.
Nokia responded today with following statement,
“Nokia reiterates its position is that it is in full compliance with local laws as well as the bilaterally negotiated tax treaty between the governments of India and Finland, and will defend itself vigorously,