Current Report No. 14/2025
The Management Board of Boryszew S.A. (“Company”, “Issuer”), with regard to current report No. 26/2024 of 3 December 2024, as well as Issuer’s periodic reports on the decision of the Head of the Fiscal Administration Chamber in Warsaw (appeal authority), upholding the decision of the of the Head of Mazowiecki Tax and Customs Office in Warsaw of 27 October 2023, determining the overdue VAT liabilities for the period December 2015 and January-March 2016 in the amount of PLN 23 034 553 plus interest due, advises to have become aware that on 28 May 2025 the Provincial Administrative Court in Warsaw issued a decision, in which it overruled the appealed Decision in its entirety.
In the substantiation of the decision, the Provincial Administrative Court questioned the tax authority’s ability to consider transactions of intra-Community delivery of goods as domestic transactions and tax them at 23% instead of the 0% rate applied by the Company.
The Issuer also advises that according to the information provided in the aforementioned current report No. 28/2023, the Company paid the principal amount of the liability, i.e. PLN 23 034 553 together with due interest in the amount of PLN 18 964 384 resulting from the decision received.
The judgment is not final. The parties have the right to file a cassation complaint with the Supreme Administrative Court.
The Issuer will announce further events associated with the above mentioned proceedings in relevant reports.
Legal grounds
Article 17 section 1 MAR – Confidential information.
Signatures:
Wojciech Kowalczyk – President of the Management Board
Translation from the original Polish version.
In the event of differences resulting from the translation, reference should be made to the official Polish version.