Agora to set up tax group. Eyes PLN 5 mln in tax reduction

WSE-listed media group Agora will set up a tax group and hopes to save some PLN 5 million in taxes annually till 2020, the company said in a market filing. The group will consist of Agora and a number of its subsidiaries. It will be set up on March 1, subject to a number of formal requirements, and the agreement on the group would run until end-2020, the firm said. “The company estimates that the establishment of the tax capital group may result in lower tax charges of tax group, as provided for by law, by approximately PLN 5 million annually in the period of tax group’s operation,” the filing said.