Sign up
Tech Capital

Telit Communications says it will "vigorously defend its position" as Italian tax case rumbles on

The country's tax authorities have now submitted appeals to the Supreme Court
The case is now going to the Italian Supreme Court, it was reported

Telit Communications Plc (LON:TCM) revealed that the tax case relating to its Italian business has reared up again.

Last summer, the industrial Internet of Things specialist won a court battle against the Italian tax authorities when the latter's appeal against the annulling of three VAT assessments for Telit’s Italian business was rejected.

READ: Telit Communications gets advance waiver from bank for potential breach of covenants

Now it has emerged that the country's authorities have submitted appeals to the Italian Supreme Court, after two tiers of lower level court found in Telit's favour.

Telit Italy intends to continue to 'vigorously defend' its position, said the group.

The case will  probably not be heard by the Supreme Court before 2022.

Why Invest In Telit Communications Plc? Read More Here

Register here to be notified of future TCM Company articles
View full TCM profile View Profile
View All

Related Articles

© tech Capital 2018

Tech Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed tech companies to interact with institutional and highly capitalised investors.
Headquartered in London, Tech Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.