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The Warsaw Voice » Business » March 7, 2018
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Unfavorable tax decision for Cyfrowy Polsat
March 7, 2018   
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Media and telecom group Cyfrowy Polsat got an unfavorable decision of a regional tax authority resulting in potential need to pay PLN 24.2 million liability plus interest since 2012 and could face similar decisions on liabilities from 2013 and 2014 in the amount of PLN 35 million plus interest, the company said in a market filing.
"The Tax Authority challenged the Company's right to an exemption from the obligation to withhold income tax on certain interest payments effected in 2012," the company said.

Cyfrowy Polsat will appeal against the decision and for the time being does not intend to create any provisions encumbering its financial results.
Also, tax authorities are now looking into the same issue in relation to 2013 and 2014, the filing read.
"If an unfavorable and, in the opinion of the Company, incorrect interpretation of tax regulations relating to the disputed matter is upheld, additional tax liabilities of the Company in that respect might amount to ca. PLN 35 million increased by interest on tax arrears," the company source said.
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