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Finland seeks settlement with India over Nokia tax dispute

Thursday 9 May 2013 | 15:46 CET | News
Finland has invoked an alternate dispute resolution provision in its double taxation treaty with India against the INR 20 billion tax demand on Nokia, reports The Economic Times citing a finance ministry official. The Finnish government has requested India consider the case under the Mutual Agreement Procedure in the tax treaty, which provides for settling the case even as a parallel judicial process continues in India. The government is not bound to accept the request. Nokia confirmed the development, saying it looked forward to a prompt and just resolution to the matter.

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Categories: Mobile & Wireless
Companies: Nokia
Countries: Finland / India
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