Telit Communications PLC Appeal filed by Italian tax authorities rejected (2960J)
June 27 2017 - 6:05AM
UK Regulatory
TIDMTCM
RNS Number : 2960J
Telit Communications PLC
27 June 2017
27 June 2017
Telit Communications PLC
Appeal filed by Italian tax authorities rejected by appeals
court
Telit Communications PLC (AIM: TCM, "Telit", "the Group"),
announces that, further to the announcements made on 5 December
2014 and 14 December 2015, the Italian tax authorities' appeal
against annulling three VAT assessments for Telit Communications
SpA ("Telit Italy"), has been rejected.
In December 2014, the Italian tax authorities issued three VAT
assessments. Telit Italy filed appeals against these VAT
assessments with the first level tax court. The appeals were upheld
by the tax court in December 2015 and the assessments were
therefore annulled.
The Italian tax authorities subsequently filed an appeal against
the tax court's decision to uphold Telit Italy's appeal, which has
now been rejected as well.
For further information:
Telit Communications PLC Tel: +39 06 4204601
Oozi Cats, CEO
Yosi Fait, Finance Director & President
Canaccord Genuity Limited (Nominated Tel: +44 20 7523
Adviser and Joint Broker) 8000
Simon Bridges/Martin Davison
Berenberg (Joint Broker) Tel: +44 20 3465
Chris Bowman/Ben Wright 2722
Instinctif Partners Tel: +44 20 7457
Adrian Duffield/Chantal Woolcock 2020
About Telit
Telit, is the global leader in Internet of Things (IoT)
enablement. The company offers the industry's broadest portfolio of
integrated products and services for end-to-end IoT deployments -
including cellular communication modules in all technologies, GNSS,
short-to-long range wireless modules, IoT connectivity plans and
IoT platform services. Through the IoT Portal, Telit makes IoT
onboarding easy, reduces risk, time to market, complexity and costs
for asset tracking, remote monitoring and control, telematics,
industrial automation and others, across many industries and
vertical markets worldwide.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPGUBAQUPMUBM
(END) Dow Jones Newswires
June 27, 2017 06:05 ET (10:05 GMT)
Telit Communications (LSE:TCM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Telit Communications (LSE:TCM)
Historical Stock Chart
From Apr 2023 to Apr 2024
