Current report no: 7/2022
The Management Board of Boryszew S.A. (Company, Issuer), following the current report No. 43/2021 of 27 October 2021 and earlier reports regarding the decision of Head of the Fiscal Administration Chamber in Katowice (Chamber) determining overdue tax liability of ZM SILESIA S.A. (“ZM SILESIA”), subsidiary of the Issuer, for 2012 in the amount of PLN 28.6 million plus interest on outstanding tax liability in the amount of approximately PLN 16 million, advises that today ZM SILESIA S.A. received a decision of 25 March 2022 from the Director of the Fiscal Administration Chamber in Katowice, which revoked in its entirety the decision of the Head of the Customs and Tax Office in Opole of 28 February 2017 (should read: 28 February 2018) (ref. 388000-CKK-1.410.29.2017.71) determining the outstanding VAT liability for relevant months of 2012 and referred the case for reconsideration by this body.
The Head of the Fiscal Administration Chamber in Katowice, being bound by the assessments and recommendations of the Provincial Administrative Court in Gliwice in the final judgment of 27 October 2021 (case file I SA/Gl 791/21), pointed out that it was necessary to re-examine and justify the position of the first instance authority with respect to the tax liability statute of limitations and the circumstances which could possibly extend the statute of limitations, as the previous position of the first instance authority in this respect turned out to be incorrect or incomplete.
The Issuer will announce further events associated with the above mentioned proceedings in relevant reports.
Legal attitude: 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.