Aviva's India arm hit with $7.5 million fine for fake invoice scheme, order shows
Indian authorities have ordered British insurer Aviva's local unit to pay $7.5 million in back taxes and penalties after an ...
Aviva India faces $7.5m penalty over fake invoices
Aviva India disbursed around $26m (Rs2.26bn) to vendors, allegedly for marketing services between 2017 and 2023.
Businessworld9 天
Aviva India Faces $7.5 Mn Tax Demand Over Fake Invoices
Indian authorities have ordered British insurer Aviva’s local unit to pay USD 7.5 million in back taxes and penalties, after ...
Aviva India hit with $7.5 million fine for fake invoice scheme, order shows
The tax demand is significant for Aviva's India business, which recorded a profit after tax of only $10 million in the ...
Business Times10 天
Aviva’s India arm hit with US$7.5m fine for fake invoice scheme
Indian authorities have ordered British insurer Aviva’s local unit to pay US$7.5 million in back taxes and penalties after an ...
Aviva India hit with $7.5 million fine for fake invoice scheme, shows order
The tax demand is significant for Aviva's India business, which recorded a profit after tax of only $10 million in the ...
来自MSN11 个月
Aviva returns to Lloyd’s of London as climate change boosts insurance demand
Though small, the takeover will allow Aviva to diversify away from home and motor insurance products ... after selling Marlborough Underwriting Agency to Warren Buffett’s Berkshire Hathaway.
Khaleej Times on MSN10 天
Aviva India hit with $7.5 million penalty for tax evasion, fake invoices
After hearing Aviva's defence, joint tax commissioner Aditya Singh Yadav ruled the company evaded tax of around 326 million ...
来自MSN2 个月
Aviva's India officials approved brokerage model queried by taxmen
India's Insurance Regulatory and Development ... saying the matter was sub judice. Aviva retained the "agent-mentor" model until at least 2023, the Indian tax investigation notice said, referring ...
The Financial Express9 天
Aviva India faces $7.5 million fine over fake invoice scheme
British insurer Aviva’s India unit has been ordered to pay $7.5 million in back taxes and penalties after authorities found it engaged in fraudulent practices to evade taxes, according to a ...
The Star12 天
Aviva ‘engaging’ with authorities over India tax investigation
Reuters reported last Friday that an Indian tax agency has found that Aviva India breached local ... which is roughly its 2023 profit from selling life insurance in the country.
Yahoo Finance10 天
Aviva's India arm hit with $7.5 million fine for fake invoice scheme, order shows
Aviva also faces stiff competition from rivals in India's insurance market ... Aviva also hired so-called "agent mentors" to train sales agents, but they merely issued fake invoices to the ...