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Truecaller faces $91 million tax dispute in India over transfer pricing
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Firstpost•19-10-2026, 12:23
Truecaller faces $91 million tax dispute in India over transfer pricing
- •Truecaller expects Indian authorities to seek approximately 900 million Swedish crowns or $90.85 million in taxes and interest following a transfer pricing audit.
- •The dispute centers on how revenue was allocated between Truecaller entities across financial years from 2018-19 to 2023-24.
- •The company maintains its tax practices comply with international rules and plans to challenge the orders through India tax tribunals and courts.
- •Truecaller estimates that double taxation relief in Sweden could recover about 350 million crowns, reducing its net exposure.
- •India remains Truecaller largest market, generating roughly three quarters of the company total revenue.
Key Questions Answered
Indian tax authorities are seeking about 900 million Swedish crowns, roughly $90.85 million including interest, following a transfer pricing audit that questioned how revenue was allocated between Truecaller entities across multiple financial years.
Truecaller strongly rejects the tax authority's conclusions, stating that its transfer pricing policy complies with the internationally accepted arm's length principle, and plans to contest the order through India's tax tribunals and courts.
While the headline figure is close to $91 million, Truecaller expects to recover approximately 350 million Swedish crowns through double taxation relief in Sweden, which will reduce its net potential exposure to roughly 550 million crowns.
