Truecaller statement with regards to Indian Tax authorities visiting Truecaller India offices

On Thursday 7 November 2024, Truecaller’s India offices were visited by Indian Tax officials. Truecaller are currently assisting the authorities to the full extent at our offices. This came without prior notice and Truecaller are currently awaiting official confirmation and communication from the tax departments. This is not an uncommon practice and Truecaller will cooperate fully with the relevant authorities.

With regards to taxation, as a publicly-listed company, our practices are entirely transparent.

Truecaller would like to reiterate that Truecaller is not subject to any tax investigation in India outside the routine tax audits. Truecaller’s group financial statements have always received an unqualified audit opinion. Truecaller has always paid all taxes due in India and all regions where it operates.

As has been previously communicated, Truecaller’s transfer pricing policy for its intra-group transactions is consistent with the internationally accepted arm’s length standard. The purpose is to ensure that Truecaller pays tax in a way that is correct from the perspective of both the Swedish and the Indian tax authorities. The policy is continuously independently reviewed to ensure that it meets the tax law requirements of both countries.

For more information, please contact:

Andreas Frid, Head of IR & Communication

+46 705 29 08 00
andreas.frid@truecaller.com

About Truecaller:
Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 420 million active users, with more than a billion downloads since launch and around 50 billion unwanted calls identified and blocked in 2023. Headquartered in Stockholm. since 2009. we are a co-founder led. entrepreneurial company. with a highly experienced management team. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit corporate.truecaller.com