MTR (HK:0066) has released an update.
MTR Corporation Limited is contesting a profits tax assessment by Hong Kong’s Inland Revenue Department, which disallowed deductions totaling HK$5.4 billion from 2007/2008 to the first half of 2024/2025. Despite a recent decision by the Board of Review against MTR’s deduction claims, the company, backed by external legal advice, remains confident in its legal position and has not made any additional tax provisions. MTR has decided to appeal the decision, signaling its continued dispute over the tax assessments related to the operation of its service concession.
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