Top Stories
Top Stories
Wires

Peru tax authority says Telefonica owes $212.6 mln in back taxes

LIMA, July 9 (Reuters) - The head of Peru's tax authority said on Tuesday that Telefonica's local unit will have to pay about 700 million soles ($212.6 million) in back taxes due to a recent judicial ruling, but the company said a payment would be "much lower" than that.

Claudia Suarez said during an event in Lima that the Supreme Court had sided with Sunat, Peru's tax superintendence, in two of five tax payments Telefonica del Peru had disputed since 2000, amounting to some 700 million soles owed.

The company said earlier on Tuesday that no figure was mentioned in the ruling and that the total amount disputed had been about 700 million soles. "An eventual impact from the resolution is much lower than 700 million soles," it said in a statement. (Reporting By Marco Aquino Editing by Susan Thomas)