Technology Jan 05, 2022 10:29 PM (GMT+8) · EqualOcean
Financial Associated Press, January 5 (Xinhua) - Xiaomi group responded to the science and Innovation Board daily on the tax recovery by the Indian Ministry of finance that Xiaomi adheres to legal and compliant operation worldwide and abides by the relevant laws and regulations of the place of operation. This time, the relevant Indian departments asked Xiaomi to pay the import taxes related to the royalties between April 1, 2017 and June 30, 2020, which has nothing to do with Xiaomi's recent business, and the official statement is not the final result. The root cause of the tax problem this time is that there are differences in the determination of the price of imported goods. Whether the royalties, including patent licensing fees, should be included in the price of imported goods is a complex technical problem in all countries. Xiaomi will also continue to communicate with relevant Indian departments on this issue.
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