logo-loader
viewTelit Communications PLC

Telit Communications settles Italian VAT dispute

Telit's Italian subsidiary will pay €400,000 to close the matter without any admission of liability.

Euros
Dispute dates back to 2004-2007

Telit Communications PLC (LON:TCM) has settled its VAT dispute with the Italian authorities for the 2004-2007 tax years.

Telit's Italian subsidiary will pay €400,000 to close the matter without any admission of liability.

The internet of things specialist added it continues vigorously to defend its position on €5mln tax penalty deeds separately issued against the company in August 2015.

Telit has been advised that its position in this matter remains strong, it said in today's statement.

Quick facts: Telit Communications PLC

Price: 159 GBX

AIM:TCM
Market: AIM
Market Cap: £210.98 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Global Energy Metals in London discussing plans to develop cobalt projects...

Global Energy Metals Corporation (CVE:GEMC) (OTCMKTS:GBLEF) CEO Mitchell Smith caught up with Proactive's Andrew Scott while in London to update shareholders on progress within its portfolio of cobalt and battery metal projects. Smith says the firm's well-placed to take advantage of the...

8 hours, 59 minutes ago

2 min read