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Vodafone wins international arbitration against India in ₹14,200 crore tax dispute case

Juliet Woodard by Juliet Woodard
September 25, 2020
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The British telecom giant moved the Hague-based International Court of Justice (ICJ) in 2016.

Vodafone Group Plc has won an international arbitration case against the Indian government in a ₹14,200 crore retrospective tax dispute, according to two sources with direct knowledge of the matter.The tribunal ruled that the Indian government’s imposition of a tax liability on Vodafone is in breach of the investment treaty agreement between India and the Netherlands, one of the sources said. The British telecom giant moved the Hague-based International Court of Justice (ICJ) in 2016. Vodafone in 2013 had invoked India-Netherlands bilateral investment treaty seeking resolution to the tax demand imposed on it by enacting a tax law with retrospective effect to sidestep a Supreme Court judgement that went in the company’s favour.Conciliatory proceedings were initiated to resolve the dispute but differences led to a breakdown following which arbitration was initiated.The government had initially slapped a tax demand of ₹7,990 crore on Vodafone for failing to deduct tax on capital gains made over its $11-billion acquisition of 67% stake in the mobile phone business owned by Hutchison Whampoa in 2007.

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Tags: arbitrationICJvodafoneVodafone retrospective taxesVodafone tax dispute
Juliet Woodard

Juliet Woodard

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