Indian Government Reportedly Denies Apple’s Requests for Special Tax Treatment

Bharat may exist the 2d largest smartphone market in the earth in terms of volume, but it continues to remain an Android stronghold with over 98% of all smartphone users in the country opting for various iterations of the open source platform. Apple, however, has been looking to modify that in recent times, but is finding the land extremely difficult to penetrate with its unnaturally loftier price-tags that continue to remain an impediment for its growth in the country.

Apple blames taxation for the inordinately loftier prices of its products in Bharat and, had contended that the Indian regime'south plans to impose increased import taxes on more mobile components may put its plans to aggrandize its manufacturing operations in the country under jeopardy. That being the argument, the company had also requested the authorities to defer its decision so that it could expand its manufacturing base in India. Still, latest reports coming out of New Delhi now seems to suggest that the Indian government is unlikely to accept that asking.

While at that place's no official confirmation of this report from either side, Reuters quoted a authorities official equally proverb, "Apple wants duty-free imports of components. India wants indigenization". The official is also believed to have told the news bureau that the authorities told Apple tree "at that place would exist no revenue enhancement exemptions on imported mobile components, and Apple should simply get on with its investment" equally office of the 'Make in India' initiative. India currently imposes a 10% import tax on a limited number of imported components such equally batteries, chargers and headsets, but plans to tax many more than every bit part of a proposed new revenue enhancement regime.

Around 3 out of 4 smartphones sold in the country today are being assembled in the country, although, close to ninety percent of the components that go into them continue to be imported. Apple's manufacturing partner in the country, Winstron Corp, is expected to get-go assembling the rumored iPhone SE (2d-gen) devices that are said to hit the market next year at pocket-friendly price-tags. All the same, it will be interesting to encounter if the Indian smartphone buying public volition take the bait, given that the first-gen iPhone SE devices aren't exactly setting the sales charts on fire.

Source: https://beebom.com/indian-government-reportedly-denies-apples-requests-for-special-tax-treatment/

Posted by: otiswitace.blogspot.com

Share this post