"Uralkali" Received Demand To Pay 803 Million Roubles Of Taxes

21.01.2010 — News

THE PERM KRAI. 

"Uralkali" JSC received a demand from the Interregional Inspectorate of the Federal Tax Service (FTS) of Russia for largest tax payers №3 on payment of taxes, surcharges and penalties for 2005-2006 in the amount of 803 million roubles. 

In August 2009 the corporation received the ruling on the field tax inspection for 2005-2006. According to the tax officials in October 2006 "Uralkali" should have paid tax on the extraction of subsoil resources due to the disaster at the Berezniki Mine No. 1 in the amount of 604 million roubles. In October last year "Uralkali" has been served the ruling of the Interregional Inspectorate of the FTS of Russia for largest tax payers №3 on imposing tax liabilities on the company. The tax authority offered the company to pay taxes for 2005-2006 in the amount of 613 million roubles as well as penalty and surcharges. Around 604 million roubles out of this sum is the subsoil resources extraction tax.

"Uralkali" appealed against this ruling in the Federal Tax Service; however, the authority denied the appeal by its ruling dated 25 December 2009. The company informed RusBusinessNews that Uralkali's position on the issue remains the same. According to the management of the corporation the conclusions of the tax authority are unsubstantiated; the company is going to appeal the decision in accordance with the procedures stipulated by the law. 

According to the current legislation unless a court suspends the tax authority's demand JSC "Uralkali" will be obliged to comply with it prior to the issue being considered in court.