Photo/Rabbit
India's Asan has come to do things again, and this time the object is still Huawei.
Last night, Rabbit Learned that sources inside the Indian government revealed that the Indian tax authorities said that the investigation of Huawei found that Huawei had manipulated its books to reduce its taxable income in India.
India's Ministry of Finance said without naming names that a large communications conglomerate did not account for 4 billion rupees ($52 million) in its books and failed to prove expenditures of 480 crore ($63 million).
Huawei's spokesman in India did not respond to the comments.
In fact, this is not the first time That India has struck.
Last month, India's tax authorities conducted searches of Huawei's offices in New Delhi, Gurugram and Bangalore. The residence of Huawei executives in India was also searched.
At that time, Huawei officials officially responded, "We have learned that the Indian income tax department has visited Huawei's office and met with some employees." Huawei believes that our operations in India strictly comply with all laws and regulations. We will contact the relevant government departments for detailed information and fully cooperate with the relevant rules, regulations and procedures. ”
In fact, India was once one of Huawei's main overseas markets. Previously, some data showed that in the fiscal year 2014 to 2018, Huawei's local operating income rose from less than $250 million to about $1.2 billion; and public data showed that in the 2018-2019 fiscal year, Huawei's net profit target in India reached 520 million yuan.
Chinese companies have been investigated by India, which has been relatively frequent recently. At the end of last year, the same Indian tax department conducted a large-scale raid on some Chinese mobile device manufacturers in India on the grounds of "suspected tax evasion", including Xiaomi and OPPO.
Xiaomi's things are more noisy. In January, India's Ministry of Finance issued a statement saying it had recovered 560 million yuan in taxes from Xiaomi for violating customs laws. Xiaomi's response at the time was to insist on legal operations. Earlier, ZTE had been subjected to similar searches.
Similar events have continued over the past February. Public information shows that India banned 54 apps from China in a month, citing security concerns.
In addition, prior to this, the List of International Communications Equipment Suppliers nominated by the Indian government to participate in india's 5G test did not include Huawei and ZTE, but India did not prohibit Huawei from providing 5G equipment to the country's operators. In early February, Huawei also won a large order from Bharti Airtel, India's second-largest telecom network operator, for a total price of about $20 million.
On Huawei, India's finance ministry also said more investigations are underway.