Venezuela hits Mitsubishi Motors with $1 mln tax


CARACAS, Aug 23 (Reuters) - Venezuela's tax authority said on Thursday it hit Mitsubishi Motors Corp with a $1.02 million tax tab following an income tax audit of filings for the years 2003 and 2004 that focused on transfer pricing. The Seniat tax authority said in a statement the company, which assembles vehicles in Venezuela, will have 15 days to make the payment or face a fine of 10 percent of the total amount owed. Seniat officials have told Reuters the transfer pricing audits often ...

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