Star Entertainment Group Settles Tax Dispute With Australian Taxation Office

MT Newswires Live

07/07

Star Entertainment Group (ASX:SGR) reached a settlement with the Commissioner of Taxation over long-running goods and services tax and withholding tax disputes linked to junket operator payments between 2013 and 2020, according to a Tuesday Australian bourse filing.

The company expects to receive a refund of around AU$33 million and record an estimated AU$55 million charge for the fiscal year ended June 30, the filing said.

The company ceased all dealings with junket operators in October 2020, the filing added.

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