InterGlobe Aviation, the parent company of IndiGo, has received an income tax demand from the Kuwait Tax Department, which includes a penalty, for the financial years 2021-22 to 2024-25. The company contests the demand and believes it has a strong case, supported by external tax advice. While the financial impact is not expected to be significant, InterGlobe Aviation plans to pursue legal recourse.
Income Tax Issue in Kuwait
IndiGo’s parent company, InterGlobe Aviation, is dealing with an income tax demand from the Kuwait Tax Department. The demand encompasses a tax claim in addition to a penalty for the financial period covering FY 2021-22 to FY 2024-25.
Company Response and Outlook
InterGlobe Aviation strongly disputes the tax demand, claiming the assessment is erroneous. The company asserts it possesses a solid case supported by expert advice from external tax advisors. As a result, InterGlobe Aviation intends to take appropriate legal action to challenge the demand.
Financial Impact Assessment
The company has stated there will be no significant impact on the company’s financials, operations, or other activities as a result of the tax issue.
Source: BSE
