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General

Vodafone settles with Spanish tax office over Ono VAT fraud

Tuesday 28 April 2015 | 11:52 CET | News
Vodafone has reached a settlement with the Spanish tax authorities over the tax fraud at Ono, the Spanish broadband provider it acquired last year for EUR 7.2 billion. According to sources cited by Spanish website El Confidencial, Vodafone has agreed to pay EUR 58.6 million for Ono's failure to declare value-added tax from the resale of international calling minutes from 2011 to 2014. In addition, according to business daily Expansion, Vodafone has filed a corporate social responsibility action against Ono's former chairman Jose Maria Castellano, CEO Rosalia Portela and CFO Carlos Sagasta,

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Categories: General
Companies: Ono / Vodafone
Countries: Spain
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