24 Aug 2007 12:28
Turkiye Is Bankasi24 August 2007 17.08.2007Corporate Tax Deduction In the law suit opened at Istanbul Tax Court Nr.2 for the refunding of TRY179,306,820 Corporate Tax, which was paid by Turkiye Is Bankasi to BogaziciCorporate Tax Administration with a reservation clause within the period ofCorporate Tax return for the year 2004, the court made a decision to refund thecorporate tax amounting to TRY 179,306,820. As per the court decision, BogaziciTax Administration prepared a correction voucher for TRY 152,864,746.56 andinformed Isbank on this matter, but there has not been any collection made upuntil today. For this reason, on August 17th 2007, Turkiye Is Bankasi applied to its taxadministrator, Buyuk Mukellefler Vergi Dairesi Baskanligi (Large Taxpayers TaxAdministration) for the deduction of 2007/2nd period provisional tax amountingto TRY 96,241,894.22 from Isbank's TRY 179,306,820 corporate tax returnreceivables from Bogazici Corporate Tax Administration. The accrued TRY96,241,894.22, which was not paid to Buyuk Mukellefler Tax Administration due todeduction, will be transferred to profit/loss account. This information is provided by RNS The company news service from the London Stock Exchange