Saudi Arabia: Sinoma International Engineering has agreed to pay an outstanding tax bill of US$3.5m to the Saudi tax bureau. The bill relates to a dispute in 2009 and 2010. The settlement includes delay charges and further charges are applicable if the bill is not paid by the end of June 2018. In 2016 the subsidiary of China national Building Materials (CNBM) was appealing against a charge of US$18m for unpaid tax in the mid 2000s.
Sinoma International Engineering agrees to pay Saudi tax bill
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