Brief: Wirtualna Polska Holding Unit Gets Fiscal Control Result

Wirtualna Polska Holding SA

25/02/2020 06:36

Feb 25 (Reuters) - Wirtualna Polska Holding SA  WPPL.WA :
    * SAID ON MONDAY IT HAS RECEIVED FROM ITS UNIT WIRTUALNA
POLSKA
MEDIA (WPM) THE RESULTS OF FISCAL CONTROL CARRIED OUT BY TAX
OFFICE IN KRAKOW  
    * THE FISCAL CONTROL COVERED WPM'S COMPLIANCE WITH THE
PROVISIONS
OF CORPORATE INCOME TAX FOR 2016  
    * SAYS THE TAX OFFICE CLAIMS WPM HAS INCORRECTLY RECOGNISED
TAX
COSTS RELATED TO THE ACQUISITION OF WIRTUALNA POLSKA BY O2
    * SAYS WPM ESTIMATES THE MAXIMUM POSSIBLE NEGATIVE IMPACT ON
THE
GROUP'S CONSOLIDATED RESULT IN THE AMOUNT OF 61.3 MILLION ZLOTYS
    * FROM THAT AMOUNT, IN YEARS 2016-2019 WPM SETTLED 42.1
MILLION
ZLOTYS IN THE CURRENT INCOME TAX, PLUS POTENTIAL INTEREST, WHICH
IS CURRENTLY ESTIMATED AT 1.3 MILLION ZLOTYS
    * SAYS WPM DOES NOT AGREE WITH THE FINDINGS PRESENTED IN THE
FISCAL CONTROL RESULT AND WILL TAKE LEGAL ACTION IN DEFENCE OF
ITS POSITION SHOULD THE TAX OFFICE'S DECISION BE UNFAVOURABLE TO
WPM  

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM94KrDfa
    
 Further company coverage:  WPPL.WA  
   


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