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Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.
Provider: Edison Investment Research

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Comptel Oyj Announces Decision by Ministry of Finance on Application of Company's Withholding Tax Relief

Friday, 19 Apr 2013 03:30am EDT 

Comptel Oyj announced that it had filed an application for tax relief with the Ministry of Finance in Finland pertaining to the withholding taxes paid in Indonesia, India, Greece and Thailand for the years from 2004 to 2011. The income received from the countries mentioned has been under double-taxation. The non-credited withholding taxes amount to approximately EUR 6.9 million in Finland. Ministry of Finance has rejected the application for tax relief and the decision cannot be appealed against. The Company continues to take measures to avoid double taxation going forward. The decision does not impact the historical financials reported by the Company or net sales and earnings per share in 2013. 

Company Quote

0.025 +3.40%
19 Dec 2014