Item 1. Legal Proceedings
Item 1. Legal Proceedings
Please refer to “Item 3. Legal Proceedings” in our Annual Report on Form 10-K for the year ended December 31, 2020 (our “2020 Form 10-K”) for information regarding material pending legal proceedings. Except as set forth below, there have been no new material legal proceedings and no material developments in the legal proceedings previously disclosed.
As previously disclosed in the 2020 Form 10-K, in June 2019, Laureate was notified by the Spanish Taxing Authorities (“STA”) that a tax audit was opened for our Spanish subsidiary with respect to non-resident income tax for the second semester of fiscal year 2015. On March 30, 2021, in response to our allegations, the STA issued a final assessment to Laureate Netherlands Holding B.V. (f/k/a Iniciativas Culturales de España, S.L.) in which the Chief Tax Auditor challenged the preliminary assessment and found that the STA could not claim the withholding tax obligation in this case. At this time, we consider the matter resolved.
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