Telefonica Expects Tax Refund After Spanish Court Ruling
January 23 2019 - 5:51AM
Dow Jones News
By Patrick Costello
Telefonica SA (TEF.MC) said Wednesday that it will likely
receive a tax refund for overpayments made between 2008 and 2011,
after a Spanish court gave a preliminary decision on the
matter.
The Spanish telecoms company said claims that it filed against
assessments of a 2008 to 2011 corporate income-tax audit have been
partially upheld by the country's Central Administrative Economic
Court in a preliminary ruling.
The final amount that Telefonica is entitled to receive as a
refund--including overpaid taxes and late-payment interest--will be
determined once tax authorities issue a final resolution,
Telefonica said.
Write to Patrick Costello at patrick.costello@dowjones.com.
(END) Dow Jones Newswires
January 23, 2019 05:36 ET (10:36 GMT)
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