Brief: Pharol Says 2005 Potential Tax Liabilities Decrease To 26.5 Mln Euros

Pharol SGPS SA

11/10/2023 06:03

Oct 11 (Reuters) - Pharol SGPS SA   PHRA.LS : 
    * SAID ON TUESDAY IT WAS NOTIFIED BY THE PORTUGUESE TAX
AUTHORITY
OF A 2005 TAX ASSESSMENT AND ACCOUNTS SETTLEMENT STATEMENT
    * STATEMENT PURSUANT TO A COURT DECISION HANDED DOWN IN THE
JUDICIAL CHALLENGE PROCESS, WHOSE OUTCOME IS WHOLLY FAVOURABLE
TO PHAROL'S CLAIM
    * IN ALL THE PROCESSES RELATED TO 2005, PHAROL'S POTENTIAL
TAX
LIABILITY WAS 83.9 MILLION EUROS AND IS NOW DECREASED TO 26.5
MILLION EUROS
    * COMPANY THUS REDUCES THE GLOBAL AMOUNT OF POTENTIAL TAX
LIABILITIES TO AROUND 181 MILLION EUROS AS OF TODAY (INCLUDING
POSSIBLE DEFAULT INTEREST ON THE LAWSUITS)

        
 Source text: https://tinyurl.com/ycc67kwh
 Further company coverage:  PHRA.LS  

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