Mapfre denies paying 124 million that the Treasury demands
The insurer has paid out 10.5 million euros claimed by the tax authorities for its business in Brazil and Chile.
The Spanish tax authority, Hacienda, has demanded that Mapfre pay 134.2 million euros in taxes and fines following an inspection of the insurance company's accounts from 2017 to 2022. Mapfre has rejected the claim for 123.7 million euros, but accepted 10.5 million euros. The inspection focused on several Mapfre subsidiaries, including Mapfre Internacional, Mapfre España, and Mapfre Vida.
The company has presented appeals against the claims, which are pending resolution, and has also provisioned 45 million euros to cover potential additional payments.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
