Risk of reassessment and additional taxation by the Mexican tax authorities
First written in FY2024-Q2. 2 of 3 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RestatedAnnual report
「As the assessment is unreasonable and contrary to Mexican tax law and the tax treaty, the Company filed an objection with the authorities challenging the reassessment, which is currently under review.」
The company has reaffirmed that the objection challenging the reassessment of 371 million Mexican pesos is currently under review. - FY2025-H1RestatedAnnual report
「Our Mexican subsidiary, Industria de Asiento Superior, S.A. de C.V. (hereinafter, the “Company”), received a reassessment notice dated 26 October 2023 from the Mexican tax authorities ordering it to pay 371 million Mexican pesos in connection with transactions, including development outsourcing arrangements with Group companies, for FY2016. As the assessment is unreasonable and contrary to Mexican tax law and the tax treaty, the Company filed an objection with the authorities challenging the reassessment, which is currently under review.」
The company has reaffirmed that the reassessment of 371 million Mexican pesos by the Mexican tax authorities and the objection challenging it are currently under review. - FY2024-Q2First statedAnnual report
「Our Mexican subsidiary, Industria de Asiento Superior, S.A. de C.V. (hereinafter, the “Company”), received a reassessment notice dated 26 October 2023 from the Mexican tax authorities ordering it to pay 371 million Mexican pesos (approximately ¥3.1 billion) in connection with transactions, including development outsourcing arrangements with Group companies, for FY2016.」
The Mexican subsidiary received a reassessment notice ordering it to pay approximately ¥3.1 billion. The company considers the assessment unreasonable and contrary to Mexican tax law and the tax treaty and has indicated that it plans to file an objection.