
Samsung is on the agenda on a major tax charges in India. It turned out that the company did not pay the taxes that should be declared for 784 million dollars of telecom equipment imported from South Korea and Vietnam between 2018 and 2021. This attracted the attention of the Indian government and a giant giant fined a total of 601 million dollars of a giant technology brand.
According to the Tax Office, Samsung tried to avoid import tax between 10 to 20 percent by including the components called “Remote Radio Head ılan, which played a critical role in the 4G infrastructure. Not only the company, but also the senior executives in India were held responsible for this process. Among them, Network Solutions Vice President Sung Beam Hong, CFO Dong Won Chu and seven more managers faced a total of $ 81 million personal penalties.
Most of the equipment stated that the tax was abducted was purchased by Reliance Jio. Interestingly, these sales are that Samsung is an important part of the net profit of approximately $ 955 million in India in 2024. There has not yet been an official statement from the company, but this punishment may be a serious test not only with the financial results, but also in terms of Samsung’s reputation in India.