JTT Files for bankruptcy and awaits tax office decisions

JTT Computer, one of the largest domestic PC manufacturers, has filed for bankruptcy, counting on the privileged position that this will give it when negotiating debt restructuring with its creditors. However, this needs the agreement of the tax office, which JTT blames for its bankruptcy. JTT's conflict with the tax authorities has been dragging on for almost four years. In 2000, the tax office questioned the Wrocław based company's sale of VAT free computers to schools, resulting in a fine of over zł. 10 million. However, in 2003 the management was cleared of charges by the Supreme Administrative Court (NSA). JTT has been waiting for new decisions from the tax office for the past two months. If these turn out to be beneficial for the company, it will receive zł. 23 million. The statutory deadline for the decisions passed on November 14. Representatives of the Wrocław tax office blame the delay on complicated procedures. (Puls Biznesu, p. 7) A.K.