Bulletin
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15 March 2011
Confidential Information – the announcement of a judgment of the Voivodship Administrative Court in Warsaw regarding the decision of the Director of the Tax Chamber in Warsaw on the Company’s tax obligations (16/2011)
The Management Board of Netia SA (“Netia” or the “Company”), Poland's largest alternative provider of fixed-line telecommunications services, hereby announces that on 15 March 2011 the Voivodship Administrative Court in Warsaw delivered a judgment with respect to a decision (the “Decision”) of the Director of the Tax Chamber in Warsaw (the “Tax Chamber Director”) according to which Netia’s corporate income tax (“CIT”) due for the year 2003 was established at PLN 34.2 million plus penalty interest of approximately PLN 25.3 million (see current report 4/2010 dated 17.02.2010). The Decision was in turn a result of Netia’s appeal of a decision of the Director of the Tax Control Office in Warsaw (the “UKS Director”) according to which Netia’s corporate income tax (“CIT”) due for the year 2003 was established at PLN 58.7 million plus penalty interest amounting to PLN 41.3 million (see current report 42/ 2009 dated 17.08.2009).
In the judgment announced today the Voivodship Administrative Court dismissed the Company’s claim in its entirety.
The Voivodship Administrative Court’s judgment is not final. The Company may file a cassation to the Supreme Administrative Court.
The Company paid the amount set forth in the Decision in the first quarter of 2010 (see current report 4/ 2010 dated 17.02.2010).
Legal basis: Article 56, section 1.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws 2005, No. 184, item 1539).
In the judgment announced today the Voivodship Administrative Court dismissed the Company’s claim in its entirety.
The Voivodship Administrative Court’s judgment is not final. The Company may file a cassation to the Supreme Administrative Court.
The Company paid the amount set forth in the Decision in the first quarter of 2010 (see current report 4/ 2010 dated 17.02.2010).
Legal basis: Article 56, section 1.1 of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies (Journal of Laws 2005, No. 184, item 1539).