(Tiper Stock Exchange) – Portobelloa company listed on Euronext Growth Milan and active with the retail chain of the same name and in the Media & Advertising sector through the activity of barter, has signed a agreement in adhesion with the Revenue Agency to settle disputes out of court formulated in the field of VAT and direct taxes in relation to the tax periods from 2017 to 2020 and deriving from a tax audit concluded with a report of findings (PVC).
Pursuant to this agreement, the company will have to pay an amount of 6.8 million euros in VAT plus an additional amount of 3.6 million euros for residual taxes, fines and interest. The company will pay an amount equal to 5.5 million euros by 31 August 2023, while the balance of 4.9 million euros will be paid for half of the relative amount by 31 December 2023 and for the remainder within the month of March 2024.
Portobello – reads a note – “reiterates that it has always operated with the utmost correctness, promptness and determination and that it has adhered to the agreement to avoid the time and costs of a significant tax dispute as well as to be able in any case to benefit from certain reductions in the sanctions imposed (so-called tax truce), without the signing of this agreement leading to or being interpreted as an acceptance or sharing of the theses supported by the Revenue Agency”.
The company believes the payments “will not determine significant effects on its operations and on its commercial and growth strategy”.