Appeals Court rules Stalexport is not eligible to refund for over-paid taxes

Stalexport alleges to have overpaid taxes, due to advice received from Tax Office officers, in fiscal year 1989-90. The firm asserts that it was tricked into paying an extra zl. 21.8 million in taxes, partly as a result of currency conversions. The present value is of the overpayment is estimated at about zl. 100 million. The court ruled on the basis of Article 417 of the civil code, which exempts the Tax Office from taking responsibility for any errors caused by its officers. Stalexport share prices dropped on the news of the verdict. Stalexport management has vowed to appeal to the Supreme Court. (Prawo i Gospodarka, page 1, 11, Parkiet page 1)