We are proud to have succesfully defended a EUR 13.5 million tax matter in relation to a transaction that was completed in 2015. Financial Administration initiated the tax audit of the transaction shortly thereafter and taxed our clients in the amount of EUR 13.5 million. After the Ministry of Finance had granted our appeal and returned the matter back to the Financial Administration, the latter had issued a (now final) taxation decision in the amount of slightly over EUR 50 thousand, thus resulting in a 99.54% reduction of the tax obligation. We are very happy for the Ministry of Finance to have objectively investigated the matter, which resulted in legimite taxation of our clients.
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