Vivo became another company accused of trying to avoid paying taxes in India. In the latest report, Vivo India was found to have evaded taxes worth ₹22.1 billion (~RM1.24 billion) by filing different import documents than the actual value.
India's Directorate of Revenue Intelligence raided 44 premises belonging to Vivo India and some assets have already been confiscated. The company is also accused of transferring $8 billion to Chinese companies over the past five years by avoiding paying taxes.
Xiaomi has previously been accused of money laundering and tax evasion by the Indian authorities until the company's bank account was frozen. Various investigations have been carried out by the Indian authorities on telecommunication companies from China this year.
It is seen as another effect of the tension between China and India that occurred after the two countries' armies clashed on the Himalayan border two years ago. Previously, hundreds of applications from China such as TikTok and PUBG Mobile were banned on the grounds that they could be used for spying.
