(Tiper Stock Exchange) – Esprineta group listed on Euronext STAR Milan and active in the distribution of IT, Consumer Electronics and Advanced Solutions, has subscribed with theRevenue Agency an agreement aimed at settle disputes out of court formulated on the subject of VAT in relation to the tax periods from 2013 to 2017.
Based on the tombstone agreement reached, the company will have to pay a total amount of approximately 33.2 million euros. Therefore, against a total original claim of more than 220 million euros, the company will incur an effective charge, in terms of VAT and related penalties, of less than 14% of this claim, plus accrued interest.
The amounts due will be paid by the company in installment form over a maximum of five years with equal quarterly payments.