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ByteDance Claims Reprieve in India Tax Dispute

2021年04月07日 19:54 来源于 财新网
TikTok owner says a court has ruled it can use its funds in the country for operations, even as government says the money is frozen for potential settlement
ByteDance had previously been ordered to deposit $11 million into an Indian state bank, two months after its popular TikTok app was permanently banned in the country. Photo: VCG

TikTok owner ByteDance Ltd. said on Wednesday an Indian court’s decision will “unblock” its money in the country as it awaits the outcome of a tax evasion probe, following its argument that such a freeze was hurting its ability to operate locally.

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