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23 Apr, 2008 05:15

TNK-BP hit by $US255.6 MLN tax bill

Russo-British oil giant TNK-BP has been charged with back-tax claims for $US 255.6 million for the years 2004-2005.

The claims involve several TNK-BP subsidiaries and a number of different taxes, according to Interfax news agency.

This not the first time TNK-BP has faced back tax claims. In 2005 the company was charged with $US 1.8 billion for the period of 2002-2003.

The company has since paid the debt in full.

TNK-BP's press service told Russia Today that the claim, which is spread over about 20 subsidiaries, is a standard procedure and represents a non-critical amount for the company.