And while BTL can still boast of a 17 million dollar profit - there's a lingering tax matter with the GST office that's significantly bigger than that.
We found a reference to the multi million dollar dispute with the Sales tax Office. They have calculated it at 25 plus million dollars in taxes arising but not assessed to the company because it is a matter of great accounting dispute.
We asked the CEO about it:
Reporter
"An obscured note on page 34, it says "contingencies - there is an ongoing audit by general sales tax department on the parent company Belize Telemedia Limited and two of its subsidiary companies BESL and BTL Digicell Limited. In management's opinion is unlikely that the group will incur any additional tax liability resulting from the audit. It's 25 million. Your profits are 17.04 million. How much of a concern is this for the company going forward being that's it's something really outside your hands?"
Ivan Tesucum, CEO, Digi
"The company maintains that we are still doing the audit. There has been no assessment. At the end of the day we have paid all our taxes."
Reporter
"It is really a decision not in your hands?"
Ivan Tesecum
"Well like I said that's the management with the auditors working on that and yes, we do not owe that money. We've paid all our taxes and the audit is still ongoing and we continue to work with the authorities in that respect."
When we spoke to the Financial secretary some weeks ago, he said the matter has still not been resolved.
Email
Print