StockMarketWire.com - Playtech said it has agreed to pay additional tax of approximately €28m to the Israeli tax authorities for 2008 to 2017 following transfer pricing adjustments in relation to certain functions performed by Playtech in Israel during this period.

Playtech reached an agreement with the Israeli tax authorities on 31 December 2018 as follows:

- For the years 2008 to 2017, the Playtech group will pay additional tax of approximately €28m;

- No penalties are to be imposed as a result of the audit; and the agreement covers the entirety of Playtech's activity in Israel.

This additional tax charge will be reflected as an exceptional item in Playtech's 2018 accounts and payment is expected to be made in the next 30 days.



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