The South Korean carmaker is facing charges similar to those slapped on Volkswagen for missclassifying imports of parts for its Carnival minivan.
Kia has been accused by Indian authorities of evading taxes to the tune of $155 million by misclassifying component imports, according to Reuters. Tax officials sent a notice to the South Korean maker in April 2024, but the company denies any wrongdoing.
In a similar case, Volkswagen in September last year was slapped with a $1.4 billion tax notice because the company allegedly imported “almost the entire car” in unassembled condition and misclassified the components as individual parts.
Today, the EU Council approved an ECOFIN report on tax issues (the “Report”), according to which the European Council confirms discontinuation of work on the proposal for a Council Directive laying
The European Commission will next week propose a package of measures to help EU industries stay competitive while they cut their carbon footprint, a draft of the package showed on Tuesday. European
Press Release from Carey Olsen, Friday 18 October, 2024. Carey Olsen is the highest-ranking offshore law firm in the Chambers UK Legal Guide 2025, having achieved 10 out of a possible 12 Band 1 rankings.
Press Release from Carey Olsen, Friday 7 March, 2025. Carey Olsen has been shortlisted for Offshore Law Firm of the Year at the Chambers Europe Awards 2025, having won the award in 2023 and 2022. The