SEC Filings

6-K
WNS (HOLDINGS) LTD filed this Form 6-K on 08/06/2018
Entire Document
 


Table of Contents

The following sets forth the details of these orders of assessment:

 

Entity

   Tax year(s)      Amount
demanded
(including
interest)
    Interest on amount
Demanded
 
            ( and US dollars in millions)                      

WNS Global

     Fiscal 2004             12.5      $ (0.2 )(1)           3.1      $ (0.0 )(1) 

WNS Global

     Fiscal 2005             27.4      $ (0.4 )(1)           8.6      $ (0.1 )(1) 

WNS Global

     Fiscal 2006             489.1      $ (7.1 )(1)           181. 5      $ (2.7 )(1) 

Permanent establishment of WNS UK in India

     Fiscal 2006             67.9      $ (1.0 )(1)           24.1      $ (0.4 )(1) 

WNS Global

     Fiscal 2007             98.7      $ (1.4 )(1)           31.9      $ (0.5 )(1) 

Permanent establishment of WNS North America Inc. and WNS UK in India

     Fiscal 2007             18.6      $ (0.3 )(1)           4.4      $ (0.1 )(1) 

WNS Global

     Fiscal 2008             819.6      $ (12.0 )(1)           344.1      $ (5.0 )(1) 

WNS Business Consulting Services Private Limited (“WNS BCS”)

     Fiscal 2008             19.5      $ (0.3 )(1)           —        $ —    

WNS Global

     Fiscal 2009             55.2      $ (0.8 )(1)           —        $ —    

WNS BCS

     Fiscal 2009             6.7      $ (0.1 )(1)           —        $ —    

WNS Global

     Fiscal 2010             60.2      $ (0.9 )(1)           23.5      $ (0.3 )(1) 

WNS BCS

     Fiscal 2010             1.0      $ (0.0 )(1)         —          —    

WNS Global

     Fiscal 2012             305.7      $ (4.5 )(1)           107.4      $ (1.6 )(1) 

WNS Global

     Fiscal 2013             423.0      $ (6.2 )(1)           137.2      $ (2.0 )(1) 

WNS Global

     Fiscal 2014             480.1      $ (7.0 )(1)           257.4      $ (3.8 )(1) 

Total

             2,885.2      $ (42.1 )(1)           1,123.2      $ (16. 5 )(1) 

Note:

 

(1)

Based on the exchange rate as at June 30, 2018.

The aforementioned orders of assessment allege that the transfer prices we applied to certain of the international transactions between WNS Global or WNS BCS (each of which is one of our Indian subsidiaries), as the case may be, and our other wholly-owned subsidiaries named above were not on arm’s length terms, disallow a tax holiday benefit claimed by us, deny the set off of brought forward business losses and unabsorbed depreciation and disallow certain expenses claimed as tax deductible by WNS Global or WNS BCS, as the case may be. As at June 30, 2018, we have provided a tax reserve of 806.2 million ($11.8 million based on the exchange rate on June 30, 2018) primarily on account of the Indian tax authorities’ denying the set off of brought forward business losses and unabsorbed depreciation. We have appealed against these orders of assessment before higher appellate authorities.

 

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