Rabu, 22 Desember 2021

India is 'cracking down' on Xiaomi and OPPO's distribution partners

One of OPPO's Chinese distribution partners was recently heavily fined by India's Enforcement Directorate. What you need to know India's Income Tax department is raiding OPPO's distribution partners in the country. Similar raids were also made by country's Enforcement Directorate (ED) recently. The Indian government wants BBK-owned brands such as OPPO and Vivo to leverage local companies for distribution. India's Income Department is conducting raids at the offices of OPPO and OnePlus' Chinese distribution partners in Rajkot and Hyderabad, according to a report from The Economic Times. Similar raids are also being carried out at the offices of Xiaomi's offices in various cities across the country, based on "intelligence input" on tax evasion and concealed income. The raids come just week after one of OPPO's Chinese distribution partners was penalized in hundreds of crores by the country's Enforcement Directorate in Hyderabad. According to sources familiar with the matter, the ...
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