Atlas Arteria (ASX:ALX) said that the APRR toll road group, in which it owns a 30.82% interest, is expected to face a new temporary supplemental tax in France within the year, according to a Friday Australian bourse filing.
The temporary supplemental tax, part of the French Parliament's recently adopted Finance Law, applies to firms with revenue above or equal to 1 billion euros in either the previous or current year.
APRR Group is anticipated to have a revenue equal to or above 3 billion euros during the period.
It will have to pay 98% of the anticipated tax amount in December, and the remainder will be due in April 2026.
The law will come into effect after a review by the constitutional council and signature by the French President, which is expected in the next few weeks.
Price (AUD): $5.05, Change: $-0.020, Percent Change: -0.39%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
No relevant data is available