Truecaller Faces Ninety Million Dollar Indian Tax Claim
Truecaller expects Indian tax authorities to seek a ninety million dollar claim including interest following a transfer pricing audit. The company plans to appeal the order through local tribunals while pursuing double taxation relief.
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TRUECALLER AB-B faces a potential tax liability of about $90.85 million in India following a transfer pricing audit for the 2022/23 financial year.
The caller identification app received its first formal transfer pricing order from Indian tax authorities on Monday morning. The company anticipates total liabilities of about 900 million Swedish crowns ($90.85 million) covering the period from the financial years 2018/19 through 2023/24.
