Singtel flags $295m of exposure, interest and penalties from Australian tax case loss

December 20, 2021 9:24 AM

SINGAPORE (THE BUSINESS TIMES) – Singapore Telecommunications (Singtel) on Sunday (Dec 19) said it estimated a net tax exposure and related interest and penalties amounting to A$304 million (S$295.9 million), following the Federal Court of Australia’s dismissal of Singtel’s appeal of a tax assessment by the Australian Taxation Office (ATO).

Source : https://www.straitstimes.com/business/companies-markets/singtel-flags-295m-of-exposure-interest-and-penalties-from-australian-tax-case-loss