Cyfrowy Polsat hit with PLN 40 mln in back taxes

WSE-listed media group Cyfrowy Polsat might pay PLN 40.6 million plus interest in back taxes, after the tax office questioned some of the costs in the company filings from 2011. The office is contesting the company's right to charge into tax deductible expenses certain expenditures, The company vows to appeal it and has no plans at the moment to book reserves tied to the tax office decision. “The decision was issued in spite of the company having presented a number of arguments stipulating that the findings of the tax office were incorrect and had no legal basis,” the company said in a statement.