Famur owes PLN 48.9 mln plus interest in back taxes

WSE-listed mining equipment producer Famur will have to return PLN 48.9 million in VAT from October 2013, plus interests. According to tax authorities, one of Famur’s units incorrectly calculated the VAT due in relation to a transfer of assets in a capitalization deal, the company said in a market filing. Famur will make the payment but will continue to carry out legal analysis related to this VAT payment “in order to define its final stance as to the correct calculation of this tax.”