Following the tax inspection report of the 20th of October 2010, as set out in the special announcements of 20th of October 2010 and later on the 12 of November 2010, the company applied to use the option of conciliation
Relating to the claims related to the periods 2005 - 2009 , a tax liability amounting to 242 million TL, and a tax penalty amounting to 363 million TL, a total of 605 million TL and penalty interest payments related to the Tax Inspection Report, the decision was made to take advantage of Law 6111.
In this respect, the demand under the provisions of Law 6111 for half of the tax amount equal to 121 million TL and the additional 32 Million TL calculated using WPI/CPI inflation, making a total of 153 Million TL is to be paid by the end of May. Half of the original tax demand, together with the fine and penalty interest rate, under the provisions of Law 6111, will not be paid.
In note 18 of the 2010 financial tables, provision was made for the amount to be paid under principles of financial prudence. For this reason, the 2011 financial tables to be prepared under IFRS will not be impacted by this payment.