CosmicTaco

India Orders Zomato to Pay $95 Million in Taxes and Fines

CosmicTaco · 2024-12-13T08:37:25.998691+05:30

- India's tax department orders Zomato to pay $94.8 million in taxes and fines for non-payment from 2019-2022. - The penalty is over four times Zomato's latest quarterly profit; the company plans to challenge the order. - Zomato also faces antitrust scrutiny alongside Swiggy for alleged competition law breaches. Source: [Reuters](https://www.reuters.com/business/india-orders-zomato-pay-95-mln-taxes-fines-latest-setback-2024-12-12/)

India's tax department orders Zomato to pay $94.8 million in taxes and fines for non-payment from 2019-2022.
The penalty is over four times Zomato's latest quarterly profit; the company plans to challenge the order.
Zomato also faces antitrust scrutiny alongside Swiggy for alleged competition law breaches.

Source: Reuters

3d ago

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