Brief: Careteq Received An Audit Position Paper From Australian Taxation Office

Careteq

14/03/2024 01:35

March 14 (Reuters) - Careteq Ltd  CTQ.AX :
    * RECEIVED AN AUDIT POSITION PAPER FROM AUSTRALIAN TAXATION
OFFICE
    * ATO EXPRESSED VIEW CARETEQ HAS NOT PROVIDED EVIDENCE OF
ADEQUATE
SUBSTANTIATION FOR EXPENDITURE INCURRED FOR RESEARCH AND
DEVELOPMENT ACTIVITIES
    * ATO HAS ALSO INDICATED THAT CARETEQ IS LIABLE FOR AN
ADMINISTRATIVE PENALTY OF A$0.32 MILLION

Source text for Eikon:  ID:nASX6zW2M8 
Further company coverage:  CTQ.AX 

 ((Reuters.Briefs@thomsonreuters.com;))