Morocco: Sound Energy loses $19.7m tax decision

Issue 468 - 15 Sep 2022 - By Marc Howard | 1 minute read

London AIM-listed Sound Energy on 14 September announced a ruling against it by tax authorities it its dispute with the Moroccan tax authorities. Sound estimated the ruling could cost it $19.7m in back taxes; it has 60 days to accept the decision or challenge it in court.

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