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Orascom appeals $596m tax claim
- Egypt: Tuesday, December 29 - 2009 at 11:59
Orascom Telecom, the largest mobile phone operator in the Middle East and Egypt's first multinational company, has filed an appeal with Algerian tax authorities for the $596m allegedly owed by its Algerian subsidiary, Orascom Telecom Algeria or 'Djezzy'. Algeria claims that during the 2005-2007 period, the mobile operator failed to keep correct tax records and must now pay back taxes; OT denies the claim, stating that it was exempt from taxes during the period in question.
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StaffTuesday, December 29 - 2009 at 11:59 UAE local time (GMT+4)
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