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General

Telefonica pays out EUR 59 mln in Peru tax dispute

Thursday 28 November 2019 | 09:59 CET | News
Telefonica Peru has complied with a ruling handed down earlier this year by Peru's Supreme Court and paid out PEN 218 million (around EUR 59 million) to government agency Sunat following a long-standing tax dispute. The case relates to taxes and accumulated interest for the 1999, 2000, 2003 and 2004 fiscal years and whether or not the operator made sufficient investments to offset tax liabilities. Telefonica said it paid out the sum but did not agree with the court's judgment, especially in view of its decision to contract a satellite operator to bring connectivity to remote areas, which the

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Categories: General
Companies: Telefonica / Telefonica del Peru
Countries: Peru
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