Tuesday, 31 January, 2023
logo
BUSINESS
-
MAIN NEWS
-
MARKETS
-
MUSTREAD
-
SOCIETY

Case filed against Coca Cola for tax evasion of Rs. 3.71 billion



case-filed-against-coca-cola-for-tax-evasion-of-rs-371-billion

By TRN Online, Kathmandu, Mar. 11: The Department of Revenue Investigation (DRI) has filed a case against the multinational company Coca-Cola for tax evasion.

The DRI filed the case at the Patan High Court today charging the Bottlers Nepal Limited, a subsidiary of Coca-cola, of tax evasion of Rs. 3.71 billion and the same amount as fine.

The case demands a sum of Rs. 7.43 billion to be retrieved from the company.

The DRI has stated that the tax evasion occurred in course of the purchase of the shares of the Bottlers Nepal Limited by Ireland-based European Refreshments from Dubai-based Coca Cola SABCO Asia Limited on October 24, 2014.