Comptel has received a favourable ruling in Delhi judicial court regarding withholding tax for Indian tax years 2007-2008 and 2008-2009


Comptel Corporation      Stock Exchange Release, 15 April 2016 at 10.30 AM EET

    

Comptel has received a favourable ruling in Delhi judicial court regarding withholding tax for Indian tax years 2007-2008 and 2008-2009. Based on this ruling Comptel’s preliminary estimate is that India tax authorities should return approximately 1.8M EUR in withholding tax and interest. 

Comptel will include the tax ruling impact in its financials once the refund procedure has been specified. 

Comptel has still pending appeals for subsequent fiscal years. This ruling removes double taxation for Comptel in India.

 

    

For further information, please contact

Juhani Hintikka, President and CEO, tel. +358 9 7001131

 

       

Distribution:

NASDAQ OMX Helsinki 

Major Media 

www.comptel.com

 

 

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