Home News Telecommunications

Singtel to appeal against A$393 million tax ruling in Australia

The Edge Singapore
The Edge Singapore4/19/2022 07:13 PM GMT+08  • 1 min read
Singtel to appeal against A$393 million tax ruling in Australia
Singtel acquired Optus back in 2001 / Photo by Samuel Isaac Chua
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Singapore Telecommunications has filed an appeal after a court in Australia ruled that its subsidiary is to pay a A$393 million tax bill that can be traced back to the company’s acquisition of Optus back in 2001.

The ruling was made on Dec 17, against Singtel’s local unit Singapore Telecom Australia Investments.

The sum consists of primary tax of A$268 million, interest of A$58 million, and penalties of A$67 million and follows an amended assessment by the Commissioner of Taxation.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now