Brief: Portobello, Italy's Tax Authority Agree For Extra-Judicial Settlement On VAT, Tax Verification For Years 2017-2020
28/08/2023 17:14
Aug 28 (Reuters) - Portobello SpA PORTO.MI :
* SIGNS DEAL WITH ITALY'S TAX AUTHORITY FOR EXTRA-JUDICIAL SETTLEMENT ON
VAT, TAX
VERIFICATION FOR YEARS 2017-2020
* TO PAY EUR 6.8 MILLION FOR VAT, EUR 3.6 MILLION FOR OTHER TAXES, FINES,
INTEREST
* TO PAY EUR 5.5 MILLION BY AUGUST 31, 2023
* HALF OF THE REMAINING EUR 4.9 MILLION TO BE PAID BY DECEMBER 2023, THE
REST BY
MARCH 2024
* REQUESTED RELEASE OF SEIZURE OF ACCOUNTS TO COURT OF MILAN
* PAYMENTS WILL NOT IMPACT COMMERCIAL, GROWTH STRATEGY
Further company coverage: PORTO.MI
(Gdansk Newsroom)
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