Brief: Truecaller Says It Has Received First Formal Transfer Pricing Order For Indian FY 2022/2023

Truecaller AB

Mon 05:07

Oct 19 (Reuters) - Truecaller AB TRUEb.ST:
TRUECALLER AB - RECEIVES FIRST FORMAL TRANSFER PRICING ORDER FOR INDIAN FY 2022/2023
TRUECALLER AB - REITERATES THAT ALL CLAIMS ARE UNFOUNDED, AS ITS TRANSFER PRICING POLICY COMPLIES WITH ARM'S-LENGTH PRINCIPLES
TRUECALLER AB - ASSESSMENT ORDER WITH FORMAL TAX DEMAND FOR FY 2022/2023 TO FOLLOW
TRUECALLER AB - CHALLENGE CLAIMS WHILE REMAINING FULLY BACKED BY A STRONG FINANCIAL POSITION TO MANAGE ALL PROCEDURAL REQUIREMENTS
TRUECALLER AB - APPEALING THROUGH INDIAN TAX TRIBUNALS AND COURTS
TRUECALLER AB - INITIATING A MUTUAL AGREEMENT PROCEDURE (MAP) BETWEEN SWEDISH AND INDIAN TAX AUTHORITIES TO ELIMINATE DOUBLE TAXATION
TRUECALLER - ANY CLAIMS BY INDIAN TAX AUTHORITIES REMAINING AFTER MAP PROCESS EXPECTED TO BE SUBSTANTIALLY OFFSET BY SWEDISH DOUBLE-TAXATION RELIEF
TRUECALLER AB - TOTAL POTENTIAL GROSS TAX CLAIM FOR FY 18/19–FY 23/24 ESTIMATED AT ~SEK 900 MILLION
TRUECALLER AB - NET POTENTIAL TAX IMPACT INCLUDING INTEREST ACROSS ALL AUDITED YEARS IS ESTIMATED AT SEK 550 MILLION
Source text: ID:nWkr1jFrZq
Further company coverage: [TRUEb.ST]

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