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BRIEF-Singapore Telecommunications' Australian subsidiary receives amended tax assessments

Published 03/11/2016, 10:31 pm
Updated 03/11/2016, 10:40 pm
© Reuters.  BRIEF-Singapore Telecommunications' Australian subsidiary receives amended tax assessments
STEL
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Nov 3 (Reuters) - Singapore Telecommunications Limited STEL.SI :

* Amended assessments amount to a$326 million, comprising primary tax of A$268 mln and interest of A$58 mln

* Does not agree with ATO's amended assessments

* Singapore telecommunications' Australian unit, Singapore Telecom Australia Investments Pty Limited has received amended tax assessments from Australian Tax Office

* Singtel Australia Investment , would be entitled to a corresponding refund of withholding tax, estimated at A$89 mln

* It is anticipated that STAI will pay a minimum amount of 50% of assessed primary tax by 28 december 2016 Source text for Eikon: ID:nSN9MLGLt Further company coverage: STEL.SI

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