6z IntzJan. 5 - Xiaomi responds to tax recovery by India's finance ministry:
Xiaomi adheres to legal compliance worldwide and complies with the relevant laws and regulations in the places of operation.
Xiaomi said that this time the Indian authorities asked Xiaomi to pay back the royalty-related import taxes between April 1, 2017 and June 30, 2020, has nothing to do with Xiaomi's recent business, and the official statement is not final.
"The root of this tax issue is the disagreement between the parties on the determination of the price of imported goods. The question of whether royalties, including patent license fees, should be included in the price of imported goods is a complex and technical dilemma in all countries." Xiaomi said it will continue to communicate with the Indian authorities on this issue.
