30/2020 Decision in tax proceedings against a subsidiary

Management Board of CPD S.A. (“Company”) informs that on 25 November 2020 it was informed about the decision regarding the subsidiary company CPD S.A. – Challange Eighteen sp. z o.o. issued on 6 November 2020 by the Head of the Customs and Tax Office in Krakow.

This decision overruled the decision of the first instance authority in its entirety and discontinued the proceedings in the case determining the amount of debt due to unpaid flat-rate corporate income tax on interest paid to East Europe Property Financing AB with its registered office in the territory of Sweden in May 2012. in the amount of PLN 9,112,648 and adjudicating on the tax liability of Challange Eighteen Sp. z o.o. as a payer of the flat-rate corporate income tax for the above-specified amount of the non-collected flat-rate corporate income tax.

The decision is justified by the statute of limitations on the tax liability specified in the decision of the first instance authority issued on 18 June 2020, which took place on 4 July 2020.

The decision is final.

Therefore, the subsidiary Challange Eighteen Sp. z o.o. in the near future, it should receive a tax and interest refund in the amount of PLN 15,626,069 that consists of the main amount of PLN 9,112,648 and interest in the amount of PLN 6 513 421 This amount has not yet been refunded to the company.

 

Signatures of persons representing the Company:

Elżbieta Wiczkowska, Member of the Board, 25 November, 2020

Iwona Makarewicz, Member of the Board, 25 November, 2020