Kazakhstan authority levies Rs 28.7 lakh penalty on Dr Reddy's Labs unit
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Hyderabad: Kazakhstan revenue authority has levied a penalty of KZT 17,597,212 ( Rs 2.87 Mn) on Dr Reddy's Labs's step-down wholly owned subsidiary “Dr Reddy’s Laboratories Kazakhstan LLP” towards disallowance of claim of certain expenses by the tax authorities for the Calendar Year 2021.
"This is to inform that our step-down wholly owned subsidiary “Dr Reddy’s Laboratories Kazakhstan LLP”, has received an order dated December 4, 2024, from the Department of State Revenue, Bostandyk district of Almaty, Kazakhstan," the Company stated in a BSE filing.
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