Kalpataru's Dominica branch fined about INR 27 lakh for delayed VAT payment
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Kalpataru Projects International's branch in the Commonwealth of Dominica received a penalty order from the Inland Revenue Division on January 22, 2026. The penalty of XCD 79,367 (about INR 26.91 lakhs) was imposed for delayed reporting and payment of Value Added Tax for April and May 2025, which was eventually paid in June 2025. The company has filed an objection with the relevant authority and stated the penalty does not have any significant impact on its financials or operations.
Small penalty of about INR 27 lakh on a foreign branch for delayed VAT. Company has objected and confirms no material impact.