Comptel - Company Announcement

Comptel has received a favourable ruling regarding withholding tax for Indian tax years 2010-2011

Comptel Corporation      Stock Exchange Release, 20 May 2016 at 3.30 PM EET



Comptel has received a favourable ruling from India’s Income Tax Commissioner
(CIT) regarding withholding tax for Indian tax years 2010-2011. Based on this
ruling Comptel's preliminary estimate is that India tax authorities should
return approximately 1.5M EUR in withholding tax and interest. 

Comptel will include the tax ruling impact in its financials once the refund
procedure has been specified. 

Previously, as published in the stock exchange release on 15 April 2016,
Comptel received a favourable ruling in Delhi judicial court regarding
withholding tax for Indian also for tax years 2007-2008 and 2008-2009. The
company has still pending appeals for subsequent fiscal years. This ruling
removes double taxation for Comptel in India. 





For further information, please contact

Juhani Hintikka, President and CEO, tel. +358 9 7001131





Distribution:

NASDAQ OMX Helsinki

Major Media

www.comptel.com





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