Truecaller challenges Indian transfer pricing order proposing SEK 270 million in additional tax and interest

• Truecaller received its first Indian transfer pricing order proposing approximately SEK 270 million in additional tax and interest for fiscal 2022/2023.
• The company rejects the claims as unfounded and plans to appeal through Indian tax tribunals and courts.
• For fiscal 2018/2019–2023/2024, potential gross claims total approximately SEK 900 million; net exposure is approximately SEK 550 million following Swedish tax relief.
• A bilateral resolution process between Swedish and Indian tax authorities is expected to take two to three years.
• Required bank guarantees are estimated at approximately SEK 900 million through the first or second quarter of 2027, within existing liquidity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Truecaller AB published the original content used to generate this news brief via Cision (Ref. ID: 202610190000BITN____UKPR__EN_20261018-BIT-4928-0) on October 19, 2026, and is solely responsible for the information contained therein.