India wants millions in taxes from F1

  • Published on 04 May 2017 14:22
  • comments 5
  • By: Rob Veenstra

The return door to India seems to have closed for formula one. Three Indian grands prix were held near Delhi until 2013, when bureaucratic hurdles ended the deal.

And now, those bureaucratic hurdles seem higher than ever before, with India's supreme court ruling that that the sport owes the government millions in tax.

"We have held that (F1 has) income that is attributable in India (and) will be taxed. The amount that is to be taxed is to be assessed by an assessing officer," the judges ruled.

Local reports said India is seeking 40 per cent of the total business income of the races. (GMM)

Replies (5)

Login to reply
  • LOL land of thieving politicians who have the judiciary in their pockets.

    Pot. Kettle. black. Cute

    • + 0
    • May 4 2017 - 15:47
  • ... Why do they think F1 has income that is attributable to India?

    • + 0
    • May 4 2017 - 15:58
    • k.gandhiin

      Posts: 17

      Because F1 is a company and if they earn money from India they'll have to pay the tax. This is how Indian system works, nobody will get any kind of concession from Indian Tax Dept. :-)

      ED dept of India will soon visit Europe for some discussion.

      • + 0
      • May 4 2017 - 20:12
    • I understand that, its the same with most countries, however F1, as far as I know, doesnt do too much business directly with India at the moment, at least not since the Indian GP was last held.

      • + 0
      • May 4 2017 - 21:20
  • k.gandhiin

    Posts: 17

    Bernie is a well known Vampire who only lured promoters to suck some money from country in the name of so called "F1 Brand" and delivered nothing.

    Kudos to Indian SC for giving such verdict. But 40% looks too much to me.

    • + 0
    • May 4 2017 - 20:06

BE Grand Prix of Belgium

Local time 

BEGrand Prix of Belgium

Local time 

World Championship standings 2024

Show full world champion standings

Test calendar

See full test schedule

Related news

Give your opinion!

Will Bottas challenge Hamilton for the world championship in 2020?

Formula 1 Calendar - 2024

Date
Grand Prix
Circuit
-
Bahrain
29 - Mar 2
Bahrain
7 - Mar 9
Saudi Arabia
22 - Mar 24
Australia
5 - Apr 7
Japan
19 - Apr 21
China
3 - May 5
United States of America
17 - May 19
Italy
24 - May 26
Monaco
7 - Jun 9
Canada
21 - Jun 23
Spain
28 - Jun 30
Austria
5 - Jul 7
United Kingdom
19 - Jul 21
Hungary
26 - Jul 28
Belgium
23 - Aug 25
Netherlands
30 - Sep 1
Italy
13 - Sep 15
Azerbaijan
20 - Sep 22
Singapore
18 - Oct 20
United States of America
25 - Oct 27
Mexico
1 - Nov 3
Brazil
22 - Nov 24
United States of America
29 - Dec 1
Qatar
6 - Dec 8
United Arab Emirates
See full schedule

Formula 1 Calendar - 2024

Date
Grand Prix & Circuit
29 - Mar 2
7 - Mar 9
Saudi Arabia Jeddah Street Circuit
22 - Mar 24
Australia Albert Park
5 - Apr 7
19 - Apr 21
3 - May 5
United States of America Miami International Autodrome
17 - May 19
24 - May 26
Monaco Monte Carlo
7 - Jun 9
21 - Jun 23
28 - Jun 30
Austria Red Bull Ring
5 - Jul 7
United Kingdom Silverstone
19 - Jul 21
Hungary Hungaroring
26 - Jul 28
23 - Aug 25
Netherlands Circuit Zandvoort
30 - Sep 1
Italy Monza
13 - Sep 15
Azerbaijan Baku City Circuit
20 - Sep 22
18 - Oct 20
United States of America Circuit of the Americas
25 - Oct 27
1 - Nov 3
Brazil Interlagos
22 - Nov 24
United States of America Las Vegas Street Circuit
29 - Dec 1
6 - Dec 8
United Arab Emirates Yas Marina Circuit
See full schedule
show sidebar