Reliance Industries Limited (RIL) faces a ₹56.44 crore penalty from the Joint Commissioner of CGST,

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#GST #RelianceIndustries #TaxDispute #DeccanFounders #India

Senator Jim Justice Reaches Five Million Dollar Federal Tax Settlement To Resolve A Long Standing Tax Dispute With The United States Government, According To Newly Filed Court Documents

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#SenatorJimJustice #JimJustice #WestVirginia #USSenate #FederalTaxSettlement #TaxDispute

Netflix: le azioni crollano del 7% a causa di un contenzioso fiscale in Brasile. 📉
La spesa non prevista, un 10% su pagamenti internazionali, ha ridotto i profitti. 📄
Ricavi in crescita del 17%, proiezioni annuali a 45,1 miliardi. 💰

#Netflix #EarningsMiss #TaxDispute

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Govt ordered to repay Stuttafords N$3.8m VAT Hertta-Maria Amutenja The High Court has rejected an attempt by the commissioner of inland revenue, the minister of finance, and the attorney general to file a counterclaim in their ongoing battle with Stuttafords Stores Namibia (Pty) Ltd over a disputed N$3.8 million value added tax (VAT) refund. In a ruling delivered on 15 August 2025, acting judge Gerson Narib also refused part of the defendants’ application to amend their plea.  The case stems from tax disputes going back more than 20 years.  In 2002, Stuttafords received N$2.6 million, which it treated as capital, while the commissioner regarded it as revenue and taxable.  The clothing and fashion retailer objected, but it claims that the ministry of finance lost its file and failed to resolve the matter. Stuttafords filed further claims under the Income Tax Act in 2009.  In 2016, Stuttafords lodged another objection to the 2002 income assessment, but this was rejected as out of time.  In 2017, Inland Revenue informed the retailer that any VAT refund would be set off against alleged tax liabilities in income tax, VAT, and employee tax. Stuttafords has since asked the court to review several of these decisions and to set them aside as a precursor to its refund claim.  The government has denied the refund is payable, alleging the company failed to submit various returns and that the commissioner is entitled to withhold payment. While striking down the counterclaim bid, the court gave the state a partial win by granting leave to amend parts of its plea.  “The defendants are granted leave to further amend their amended plea as set out in the notice of intention to amend dated 30 August 2024,” Narib ruled. The amended plea must be filed by 22 August 2025. Narib ordered the defendants to pay the costs of the amendment application, capped at N$20 000, as well as the full costs occasioned by the amendment.  “The defendants must pay the costs related to the amendment without a limit and also cover the fees for one lawyer who represents them and one who instructs them,” the judgement states. Narib stressed that an earlier dismissal of special pleas by another judge did not determine the merits of the case.  He rejected the plaintiff’s argument that issue estoppel prevented the state from amending its plea.  He added that the findings in the earlier judgement “were not necessary and do not support a defence of issue estoppel on the merits.”

#VATRefund #TaxDispute #Stuttafords #Namibia #Finance

Ireland secures over $15B from Apple's escrow, ending a decade-long tax dispute. A landmark moment for EU tax justice. #Apple #Ireland #TaxDispute #EU #CorporateTax Link: thedailytechfeed.com/apple-and-ir...

According to federal tax auditors, the company’s tax liabilities are vast, with over 31 million Br alleged in unpaid withholding taxes and 473.1 million Br in VAT, inclusive of penalties. #TaxDispute #FinancialTransparency

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Founded by Fisseha Eshetu (MD), KeGeberew - "From the Farmer" - was not only a grocery chain but a novel attempt at coupling investment with real estate benefits through share sales. #TaxDispute #FinancialTransparency #CorporateAccountability

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Purpose Black S.C., an embattled company, now faces a tax showdown. The Ministry of Revenues has hit the company with a demand for over half a billion Birr in back taxes, penalties, and interest. #TaxDispute #FinancialTransparency #CorporateAccountability #TaxEvasion

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Florida's Tax Tug-of-War: Could It Lead to a Summer Showdown? In the sweltering heat of Florida's political arena, a fierce clash between Governor Ron DeSantis and Republican legislative leaders is threatening to derail

Florida's tax battle heats up! Could Governor DeSantis' push for property tax relief lead to a government shutdown? ⚖️ Share your thoughts on this intense GOP clash.
#Florida #RonDeSantis #TaxDispute

Trustco Loses High Court Battle Against Namibia Revenue Agency Over Tax Dispute [Namibian] Trustco Group Holdings has lost a High Court battle against the Namibia Revenue Agency (Namra).

#Namibia #Trustco #TaxDispute #HighCourt #LegalBattle

Trustco loses High Court battle against Namibia Revenue Agency over tax dispute Trustco Group Holdings has lost a High Court battle against the Namibia Revenue Agency (Namra). In 2022 Namra froze bank accounts of 42 entities linked to Trustco due to more than N$200 million Trustco owed Namra. Trustco challenged this decision in court. In its application, Trustco requested the court to declare that sections of the Income Tax Act and the Value-Added Tax Act, which allow the tax authorities to declare an entity like a bank an agent for the collection of tax from funds held by it, are unconstitutional, and to refer those sections to the parliament to be rectified within a period of 12 months. However, the High Court dismissed Trustco’s application with costs last week. “The applicants’ challenge to declare 91 of the Income Tax Act 24 of 1981 and section 36 of the Value Added Act 10 of 2000 unconstitutional is dismissed,” reads part of the court judgement. The High Court also instructed Trustco to pay Namra’s legal costs. At the heart of the dispute, Trustco was reportedly owed approximately N$136 million in value added tax (VAT) credits by Namra. However, this position reversed during 2020/2021 when Namra raised assessments for various tax liabilities, including income tax, VAT, and withholding tax, amounting to hundreds of millions. According to an affidavit filed by Trustco Group Holdings’ executive financial director, Floors Abrahams, at the time, he said the decisions to demand that companies in the group should immediately pay their taxes and interest on their tax arrears were “administratively unfair, unreasonable, […] irrational, arbitrary” and also in violation of the Constitution. He also said Trustco is “gravely concerned” about the timing of the decisions, which were taken at a time when the Trustco group and its Trustco Bank were embroiled in a dispute with the Bank of Namibia. Namra informed Trustco in a letter on 3 October 2022 that the group owed N$201.7 million in unpaid taxes, and also N$103.8 million in interest on those taxes. At the time, Namra requested that companies in the Trustco group pay 30% of the capital amount owed to Namra by 10 October 2022. In a follow-up letter on 20 October 2022, Namra demanded that the Trustco companies settle their outstanding tax bills, including penalties and interest, immediately. Abrahams said Trustco is disputing Namra’s calculation of the taxes owed by companies in the group. According to Trustco, if Namra had correctly set off tax credits owed to the Trustco group, the group would owe Namra only about N$7.8 million. He further said, in line with its calculation of its tax arrears, Trustco paid an amount of nearly N$2.7 million – 30% of the taxes Trustco says it owes – to Namra on 11 October 2022. From March 2020 to October that year, Trustco had paid nearly N$63.4 million to Namra, Abrahams said. He also said Trustco had an agreement with Namra that the group’s outstanding tax liabilities had to be paid only by the end of May 2023, and that Namra made an about-turn on this agreement without giving Trustco an opportunity to be heard. “When Namra owed Trustco money, it did not repay Trustco, but was willing to set future taxes off against the refund that was due to Trustco,” Abrahams said. “But now, when the position has changed, it immediately wants to recover payment in full from Trustco.” Namra’s decisions “demonstrate a total disregard for the financial and economic impact of such a directive on the ongoing operations of the Trustco group of companies, and constitute irrational, arbitrary and malicious decision-making,” Abrahams claimed. The post Trustco loses High Court battle against Namibia Revenue Agency over tax dispute appeared first on The Namibian.

#Trustco #Namibia #TaxDispute #HighCourt #Namra

Trustco loses High Court battle against Namibia Revenue Agency over tax dispute - The Namibian - Trustco loses High Court battle against Namibia Revenue Agency over tax dispute  The Namibian -

#Trustco #NamibiaRevenueAgency #TaxDispute #HighCourt #Namibia

EU Court overturns previous ruling, confirms €13 Billion tax recovery from Apple EU's highest court sides with European Commission in long-running tax dispute involving tech giant and Ireland.

EU Court overturns previous ruling, confirms €13 Billion tax recovery from Apple: EU's highest court sides with European Commission in long-running tax dispute involving tech giant and Ireland. #Apple #EUCourt #TaxRecovery #EuropeanCommission #TaxDispute

EU Court overturns previous ruling, confirms €13 Billion tax recovery from Apple EU's highest court sides with European Commission in long-running tax dispute involving tech giant and Ireland.

EU Court overturns previous ruling, confirms €13 Billion tax recovery from Apple: EU's highest court sides with European Commission in long-running tax dispute involving tech giant and Ireland. #Apple #EUCourt #TaxRecovery #EuropeanCommission #TaxDispute

Switzerland Revokes Indian MFN Status Over Nestlé Tax Dispute, Targets Indian Firms with Higher Taxes #Switzerland #India #TaxDispute #Nestlé #GlobalTrade #BreakingNews

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