SentinelOne resolved its transfer pricing dispute with the Israeli Tax Authority this month regarding certain intercompany transactions between the company and its Israeli subsidiary, the company said in financial filings Wednesday.
The US cybersecurity company said the Jan. 8 agreement with the agency tacked on an additional $14 million tax expense but resolved all issues related to the valuation and taxation of the company’s intergroup use of the Israeli subsidiary’s intellectual property.
SentinelOne said it incurred a $136 million tax expense last year in connection with the dispute.
Israel is among a group of countries known to zealously ...