India rejects Nokia\'s tax appeal | business

Sat, 01 Jun, 2013 12:05:56 AM

FTimes News Desk, June 01

Network company Nokia Siemens Networks will begin an extensive rehabilitation program. The company is planning 17,000 redundancies worldwide. Image of the company's headquarters in Espoo Karamportissa on Wednesday, 23November 2011. | | | Nokia Siemens Networks on Wednesday unveiled plans to reduce for its workforce to the tune of about 17,000 people by the end of 2013. Picture from the NSN headquarters in Espoo, Finland on Wednesday, 23rd November, 2011. Photo Lehtikuva

Indian authorities have rejected Nokia's appeal that the company provided rästiveroista, news agency STT reported on Friday quoting Reuters.

India's tax authority requires Nokia 21 billion rupees (280 million euros) taxes, which authorities believe that remain unpaid after 2006.

The authorities raided the Nokia’s plant in Chennai in the first half while searching for evidence of tax evasion.

Nokia denies the requirements and consider the decision to complain about. The company believes that it is in full compliance with the laws of India, as well as between Finland and India tax treaty.

Finland Times