Brief: Deutsche Konsum Reit-Ag Says Tax Court Rejects Suspension Of Execution In REIT Status Proceedings

Deutsche Konsum Real Estate AG

17/07/2023 18:07

July 17 (Reuters) - Deutsche Konsum Reit-Ag  DKG.DE :
    * EQS-ADHOC: TAX COURT REJECTS SUSPENSION OF EXECUTION IN
REIT
STATUS PROCEEDINGS - DKR HAS TO MAKE TAX PAYMENTS OF AROUND EUR
16.2 MILLION
    * COURT DECLARED DECISION TO BE UNAPPEALABLE
    * DKR MUST NOW PAY CORPORATE INCOME TAX AND TRADE TAX
(INCLUDING
INTEREST) ASSESSED FOR TAX YEARS 2016 TO 2020
    * TAX PAYMENTS ARE TO BE MADE FROM AVAILABLE LIQUIDITY
    * DKR HAD  FORMED PROVISIONS IN ADVANCE, WHICH WILL HAVE A
NEGATIVE IMPACT ON DKR'S ANNUAL RESULT IN SAME AMOUNT.
    * IS CURRENTLY REVIEWING ALL OPTIONS WITH REGARD TO ONGOING
APPEAL
AND POSSIBLE LEGAL ACTION
    * DKR MUST NOW PAY ADVANCE PAYMENTS FOR TAX YEARS 2022 AND
2023

Source text for Eikon:  ID:nEQ91kFC5a 
Further company coverage:  DKG.DE 

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