Guyana's tax agency to begin dispute resolution with Exxon over expenses

Reuters
07 Mar
Guyana's tax agency to begin dispute resolution with Exxon over expenses

GEORGETOWN, March 6 (Reuters) - Guyana's Natural Resources ministry has ordered the country's tax agency to begin a dispute resolution with Exxon Mobil XOM.N over the recovery of some $214 million in expenses registered by the U.S. major as part of its offshore operations.

The move follows the completion of an audit by U.S.-based consultancy IHS Markit covering expenses in the 1999-2017 period.

A second audit ordered by the government to firm VHE Consulting covering expenses from 2018 to 2020 has not been completed, the ministry said in a release.

(Reporting by Kemol King, writing by Marianna Parraga, editing by Chris Reese)

((marianna.parraga@thomsonreuters.com; +1 713 371 7559; Reuters Messaging: @mariannaparraga))

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