Friday, January 20, 2017

LPP, the owner of Reserved, Cropp and House can get into the pocket. The IRS may want 24 million in taxes – Gazeta.pl

LPP announced that it has received from the UKS control Protocol, which dealt with the activities of the company in the year 2012. According to government officials, the owner, in particular, Reseverd, Cropp and House providing sub-licenses of the company Gothals Ltd from Cyprus, erroneously calculated the cost of obtaining income.

LPP reports that the date of 20 January 2017. gave him a Protocol is drawn up in the framework of the monitoring procedure undertaken by the Tax inspection post in Gdansk (UKS) against the Issuer in relation to reliability of declared tax bases and correctness of calculation and payment by the Issuer of the tax on profit of organizations for 2012 (the Protocol) together with the notification of the appointment of the period for notification of the collected material,” – said in the message.

the company recognizes in the report published by the UKS may issue a decision imposing on LPP to pay 24 million rubles in unpaid tax amounts. the Amount will cover penalties. LPP preserves, however, its position and argues that the costs associated with sublicencjami was assessed incorrectly. So it promises to be appealed in case of any possible penalties.

see also: Ladybug, Lidl go on a trading run.

Information from the UKS not spooked investors on the Warsaw stock exchange. On Friday, one share of the company paid 5400 rubles, i.e. less than 0.5 percent. less than on Thursday.

After three quarters 2016 consolidated revenue of the group is 4.2 billion rubles, profit from operating activities of 27 million rubles, and net profit of 17.7 mln. Units are identified, the company recorded a loss in the amount of 6.5 million PLN (gross).

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