Brief: Pharol Says 2007 Potential Tax Liabilities Reduced By 35.3 Mln Euros

Pharol SGPS SA

12/05/2023 17:35

May 12 (Reuters) - Pharol SGPS SA  PHRA.LS :
    * WAS NOTIFIED BY PORTUGUESE TAX AUTHORITY OF THE 2007 TAX
ASSESSMENT AND ACCOUNTS SETTLEMENT STATEMENT, PURSUANT TO A
COURT DECISION HANDED DOWN IN JUDICIAL CHALLENGE PROCESS, WHICH
OUTCOME IS FAVOURABLE TO PHAROL'S CLAIM
    * PHAROL'S POTENTIAL TAX LIABILITIES OF 35.3 MILLION EUROS
AND WAS
EXTINGUISHED
    * AS REGARDS GLOBAL AMOUNT OF POTENTIAL TAX LIABILITIES,
PHAROL,
ALREADY REFLECTING 2006 PROCESS, THUS REDUCES AGAIN FROM ABOUT
390 MILLION EUROS ON DEC 31, 2022, TO ABOUT 206 MILLION EUROS AS
OF TODAY (ALREADY CONSIDERING POSSIBLE DEFAULT INTEREST ON
LAWSUITS)

Source text: https://bit.ly/3BlKfvj
Further company coverage:  PHRA.LS 

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