Telefonica Peru pays nearly USD 50 mln in back taxes

Telefonica del Peru has paid around USD 49.7 million in back taxes to the country's Securities Market Superintendency, Peruvian news service Andina reports. Back in 2011, the Peruvian tax authority Sunat said Telefonica owes the state at least USD 850 million in taxes and accumulated interest for the 2000/2001 period. The case is currently working its way through Peruvian courts. The dispute is expected to determine Movistar's mobile concession renewal.

Telefonica and the Peruvian Ministry of Transport and Communications have been negotiating since August 2011 the operator's mobile license renewal for the next 20 years. The operator's mobile licence in Lima expired in 2011, while its license for operations in the rest of the country expires this year.


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Editorial Staff (@portada_online)

Portada is the leading source of news and analysis on the Latin Marketing and Media space. Credibility is our biggest asset: The Portada team is very passionate about producing high-quality independent content that helps drive forward the Latin Marketing and Media space.
El equipo editorial de Portada se apasiona por elaborar contenidos de alta calidad. La credibilidad es nuestro mayor activo. La misión de Portada es ayudar a profesionales de negocios y medios a comprender y alcanzar a consumidores latinoamericanos, del mercado hispano de EE UU y España.

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