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BRIEF-IPF says to appeal decision of Polish tax chamber
January 6, 2017 / 7:08 AM / 9 months ago

BRIEF-IPF says to appeal decision of Polish tax chamber

Jan 6 (Reuters) - International Personal Finance Plc :

* Ipf to appeal decision of Polish tax chamber

* Appeal a decision received from Polish tax chamber (upper tier of Polish tax authority) on 5 January 2017 with respect to its 2008 financial year

* Decision involves transfer pricing challenge relating to an intra-group arrangement with a UK entity, challenge to timing of taxation of home collection fee revenues

* We strongly disagree with interpretation of tax authority having received legal opinions from leading advisors as to strength of our case

* Intend to initiate a process with UK tax authority aimed at ensuring that intra-group transaction is not subject to double taxation

* Expect to receive same decision shortly from Polish tax chamber in respect of 2009 financial year Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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