Current report no: 25/2021
Following to the current report no.15/2021 regarding a decision of a tax authority concerning tax arrears of a subsidiary and previous current reports to this effect, as well as relevant information included in the last interim report, the Management Board of Boryszew S.A, hereinafter referred to as “the Issuer” or “the Company,” informs that on 6 August 2021, ZM SILESIA S.A., a subsidiary of the Issuer, received an order of the Administrative Court in Gliwice (Provincial Administrative Court), according to which the Court had decided to withhold the execution of the decision of the Director of the Tax Administration Chamber in Katowice mentioned by the Issuer in the current report no. 8/2021.
The Provincial Administrative Court concluded that the Issuer had substantiated that with regard to the tax liabilities of the subsidiary ZM SILESIA S.A. for 2012, there are grounds justifying withholding the execution of the appealed decision of the tax authority in conformity with Art. 61 § 3 and 5 of the act on proceedings before administrative courts.
The ruling of the Provincial Administrative Court may be appealed against.
The Company shall inform of any further, significant events related to the aforementioned court and administrative proceeding in the form of appropriate reports.
Legal basis
Article 17.1 MAR – confidential information.
Signatures:
Wojciech Kowalczyk – Acting 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.