Aspire Global Group announces that it has reached a €13.7m settlement with the Israeli tax authority.
The agreement concerns a tax audit related to management and control jurisdiction, permanent establishment and transfer pricing among the group entities.
Aspire Global has agreed to pay the sum in retroactive tax relating to the 11 fiscal years 2008-2018, in doing so bringing an end to all related investigations into the company.
No penalties are to be imposed as a result of the audit and the agreement covers the entirety of the group's activity in Israel.
