The Management Board of Orzeł Biały SA (hereinafter: “the Company,” “the Issuer”) informs that today it learned about the results of the inspection by the Head of the Kuyavian-Pomeranian Customs and Tax Office in Toruń (hereinafter: the “Office,” “Authority”) in the scope of compliance with the tax law in the field of tax on goods and services for the periods from April to December 2017.
In the opinion of the Authority:
1. The Company was not entitled to settle the amounts of input tax specified in the invoices issued by contractors in the VAT-7 returns,
2. The Company did not tax the deliveries made to it by its contractors on the basis of a reverse charge at the time of individual deliveries.
Therefore, in the opinion of the Office, in the period from April to December 2017, the Company reduced the amount of tax due by PLN 1.8 million, which, together with the above-mentioned the period when the Company overestimated the input tax, is the total value of the dispute, calculated by the Office in the period from April to December 2017, which amounts to PLN 4.7 million.
Currently, the Issuer, together with legal and tax advisors, analyzes in detail the Results of the Control and the possibility of submitting corrections to previously submitted tax declarations or the continuation of the dispute in tax proceedings.
The Company will inform about further important activities on this topic in its current and periodic reports, in accordance with the generally applicable provisions of law.
Legal basis:
Art. 17 sec. 1 of MAR – confidential information