Turkey fines Turcas Petroleum over tax evasion

The Turkish Finance Ministry has fined Turcas Petroleum 5.7 million Turkish liras for alleged tax evasion, the company on Tuesday said in a regulatory filing.

Turkey fines Turcas Petroleum over tax evasion

The Turkish Finance Ministry has fined Turcas Petroleum 5.7 million Turkish liras for alleged tax evasion, the company on Tuesday said in a regulatory filing.

The tax fine was related to capital transfer in a company split-up to form Shell &Turcas Petroleum Co., a joint venture of Turcas and the Shell Company of Turkey, Turcas said.

The company said it would appeal the ministry's fine order to a higher court.

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Last Mod: 01 Eylül 2010, 10:06
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