Current Report No. 26/2024
With reference to the current report no. 28/2023 of 20 December 2023 regarding the ongoing tax proceedings in Boryszew S.A. on the activity of Boryszew ERG Branch in Sochaczew, as well as to earlier reports in this regard, the Management Board of Boryszew S.A. “Company”, “Issuer”) advises that on 3 December 2024, the Company received a decision from the Head of the Fiscal Administration Chamber in Warsaw (appeal authority) upholding the decision 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, which the Company reported in current report No. 26/2023.
The Head of the Fiscal Administration Chamber in Warsaw found that the circumstances revealed in the appealed decision were true and undoubtful. The appeal authority found no violation by the first-instance authority of the provisions of tax law indicated in the appeal to a degree that could significantly impact the outcome of the case.
Due to a different assessment of the above circumstances, the Company intends to appeal the aforementioned decision of the appeal authority to the Provincial Administrative Court in Warsaw.
The Issuer’s Management Board advises that the circumstance of this decision being issued does not require the Issuer to make any additional accounting entries. In addition, 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 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