Procter & Gamble Hygiene and Health Care has informed that the Company has arrived at an advanced pricing agreement with the tax authorities on March 26, 2024, determining appropriate transfer pricing methodology for certain identified transactions with Company’s affiliate(s) for the years viz., F.Y. 2010-11 to F.Y. 2018-19. As a consequence of this agreement; 1. An additional tax liability, approximately of about Rs 36 crores (including interest) is payable. 2. There will be a reduction in contingent liabilities of approximately Rs 87 crores, subject to withdrawal of relevant tax litigations by the respective parties.
The above information is a part of company’s filings submitted to BSE.
