Playtech to pay £25m to Israel after civil tax audit
Reading time: 1 minute
The parent company of Dundee-based YoYo Games has struck a deal to pay £25 million to Israel after a tax audit, insider.co.uk reports.
Playtech announced that it had reached an agreement with Israeli tax authorities after a civil tax audit covering the period from 2008 to 2017.
The additional tax charge will be reflected as an exceptional item in the Isle of Man-based technology company’s 2018 accounts. Playtech will face no penalties.
Tax experts have suggested the deal could herald similar agreements between other transnational technology companies and Israeli authorities in the year to come.
Share this article:
Subscribe to our newsletter to not miss articles like this one:
SUBSCRIBE
