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.
Press Release from: Carey Olsen, Friday 2 February, 2024. Carey Olsen has been shortlisted for Offshore Law Firm of the Year at The Asia Legal Awards 2024, hosted by Law.com International. Now in
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