Brief: Eurocash Cuts Security For Potential Tax Arrears By 35.0 Mln Zlotys

Eurocash SA

26/10/2020 07:45

Oct 26 (Reuters) - Eurocash  EUR.WA :
    * SAID ON FRIDAY IT HAS LOWERED AMOUNT OF SECURITY FOR
POTENTIAL
2013-2017 VAT LIABILITY BY 35.0 MILLION ZLOTYS
    * BASED ON FILES FROM TAX AUDIT AND PROCEEDINGS AND
COMPANY'S
INTERNAL ANALYSIS PAID SECURITY OF 95.7 MILLION ZLOTYS EXCEEDS
POTENTIAL ARREARS
    * FILES SHOW THAT LARGE PART OF BUYERS INCLUDED IN POTENTIAL
TAX
FRAUD RISK GROUP HAVE CORRECTLY SETTLED TRANSACTIONS WITH
COMPANY IN OTHER EU COUNTRIES AND HAVE PAID DUE VAT
    * CUT AMOUNT OF 35.0 MILLION ZLOTYS WILL BE ALLOCATED TO
COMPANY'S
CURRENT TAX LIABILITIES

    
    
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