Brief: Truecaller Says Not Subject To Tax Fraud Investigation In India
03/10/2022 08:12
Oct 3 (Reuters) - Truecaller AB TRUEb.ST :
* UPDATE ON RECENT INQUIRIES FROM INVESTORS AND MEDIA
* SAYS OPINIONS PRESENTED IN REPORT DO NOT REPRESENT
TRUECALLER,
ITS BUSINESS PRACTICES, AND WHAT COMPANY STANDS FOR
* IS NOT SUBJECT TO ANY TAX FRAUD INVESTIGATION IN INDIA
* IN INDIAN FY ENDING MARCH 31, 2021, AND SWEDISH FY ENDING
DEC.
31, 2020, CO PAID NO CORPORATE TAX IN INDIA, SWEDEN, SINCE CO
MADE LOSS BEFORE TAXES IN THOSE FISCAL YEARS
* IN INDIAN FY ENDING MARCH 31, 2022, AND SWEDISH FY ENDING
DEC.
31, 2021, CO STARTED PAYING CORPORATE TAX IN INDIA AND SWEDEN,
BASED ON POSITIVE RESULT BEFORE TAXES, EVEN AFTER ADJUSTING FOR
CARRY FORWARD LOSSES OF PREVIOUS YEARS
* REVENUE CHANNELED VIA PLATFORMS LIKE APPLE, GOOGLE TO
INDIAN
ENTITY IS NOT BEING SUBJECT TO GST AS IT FULFILLS CONDITIONS FOR
EXPORT SERVICES IN INDIA ACCORDING TO SECTION 2(6) OF INDIAN GST
ACT
* SAYS HAS BEEN COMPLIANT WITH GDPR SINCE DAY OF ENFORCEMENT
OF
REGULATION
* IN 2017, PRIOR TO GDPR'S ENFORCEMENT, CO RECEIVED
ENQUIRIES FROM
ARTICLE 29 EU WORKING PARTY ABOUT ITS DATA PRACTICE WHICH CO
RESPONDED TO AND HAS NOT RECEIVED ANY QUERIES SINCE
Source text for Eikon: ID:nWkr4DRgmn
Further company coverage: TRUEb.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))