BTI 2024 Eritrea Country Report: BTI 2024
This report is worth a read.
I do wonder how DNK managed to pay the tax payable of approximately AUD 67.67 million to the Sanctioned Eritrean's within the sanctions framework and US banking system given DNK would most likely bank in Aus and rely on the US banking system and not draw any attention from OFAC (Sanctions List Search). Perhaps they were given permission to do so.
It has been recorded as a tax expense directly related to the discontinued operations-so it has been paid and it reduces the overall gain reported from the sale under “Profit after tax for the period from discontinued operations,” showing a net impact after tax on the income statement. Is there any note on how this was paid or by whom and when that I have missed?
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