Microsoft (File photo)
ISTANBUL – Microsoft announced Wednesday that it has received a notification from the US Internal Revenue Service (IRS) for an additional tax payment of USD28.9 billion.
The statement indicated that the notification is related to an ongoing dispute with the IRS concerning how the company distributed its profits among different countries and regions.
In this context, the IRS reportedly demanded an additional tax payment of USD28.9 billion along with penalties and interest from Microsoft.
Microsoft said it will appeal with judicial authorities the IRS demands, it said in a statement.
It emphasized that Microsoft has always complied with IRS regulations and has paid taxes both in the US and globally, with over USD67 billion in taxes paid to the US since 2004.
“Microsoft disagrees with these proposed adjustments and will pursue an appeal within the IRS, a process expected to take several years,” the company said in its filing.
“We believe we have always followed the IRS’s rules and paid the taxes we owe in the US and around the world,” it added. (Anadolu)
