Company: LILA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001712184-25-000031
Chunk: 209

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 9C
Chunk 209
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 given that we will be able to do so.We file income tax returns in various jurisdictions. In the normal course of business, our income tax filings are subject to review by various taxing authorities. In connection with such reviews, disputes could arise with the taxing authorities over the interpretation or application of certain income tax rules related to our business in that tax jurisdiction. Such disputes may result in future tax and interest and penalty assessments by these taxing authorities. The ultimate resolution of tax contingencies will take place upon the earlier of (i) the settlement date with the applicable taxing authorities in either cash or agreement of income tax positions or (ii) the date when the tax authorities are statutorily prohibited from adjusting the company’s tax computations.In general, tax returns filed by, or that include, entities comprising Liberty Latin America for years prior to 2009 are no longer subject to examination by tax authorities. We are currently undergoing income tax audits in Colombia, Trinidad and Tobago, Venezuela and certain other jurisdictions within the Caribbean and Latin America. Except as noted below, any adjustments that might arise from the foregoing examinations are not expected to have a material impact on our consolidated financial position or results of operations.The changes in our unrecognized tax benefits are summarized below: Year ended December 31,202420232022 in millionsBalance at January 1$25.5 $37.6 $12.0 Additions for tax positions of prior years2.5 0.7 12.7 Additions (reductions)  based on tax positions related to the current year— 6.0 14.5 Lapse of statute of limitations(2.7)(1.4)(1.7)Foreign currency translation— — 0.1 Decrease for settlement with tax authorities (2.9)— — Reductions for tax positions of prior years(4.1)(17.4)— Balance at December 31$18.3 $25.5 $37.6 No assurance can be given that any of these unrecognized tax benefits will be recognized or realized.As of December 31, 2024, all of our unrecognized tax benefits would have a favorable impact on our effective income tax rate if ultimately recognized.During 2025, it is reasonably possible that the resolution of ongoing examinations by tax authorities as well as expiration of statutes of limitation could result in reductions to our unrecognized tax benefits related to tax positions taken as of December 31, 2024. Other than