RomReal :Extraordinary tax claim
20 7월 2018 - 5:17AM
As briefly mentioned in the first quarter 2018
report, during the latest routine tax audit performed at the level
of RomReal Romanian subsidiary Westhouse Group, covering the period
1 January 2011 - 31 December 2016, the tax authorities reassessed
the loans granted by RomReal Ltd. to Westhouse Group as
contribution to share capital instead of inter-company loans. In
this respect, the Company received the tax audit report ("Tax
Report") and the corresponding tax assessment decision ("Tax
Decision"), whereby the tax authorities imposed an extraordinary
tax-bill on the Company, in excess of EUR 1.7m (including
penalties), as profit tax for the period covered by the tax
audit.
Westhouse Group has retained the services of
E&Y Romania and pursued all available legal means for
challenging the effects of such reassessment, in order to cancel
the additional tax liabilities. In addition, the Company has
proceeded with a legal request to Romanian competent Courts, asking
the suspension of the Tax decision, pending the result of the
contestation. On 18th July 2018, Constanta Court of Appeal ordered
that no attachments to the bank accounts and/or lands belonging to
Westhouse Group should take place pending the resolution of the
case in front of the Court of Appeal.
For further information please contact:
Harris Palaondas
Investor Relations
investors@romreal.com
This information is subject
to the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: RomReal via Globenewswire
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