28 Mar 2008 07:00
Turkiye Is Bankasi27 March 2008 26.03.2008Isbank Tax Rebate As a result of the evaluations made by Isbank, within the context of article 3of the Law nr. 5736 Pertaining to the Resolution Procedures on the Collection ofSome Debts to the Public, which was published on the Official Gazette dated27.02.2008, nr.26800 and came into effect, Isbank has applied to the related taxadministration to renounce the law suits, which were opened against theirrefusal of the deduction of the previous years' losses as a result of theinflation adjustments made in accordance with inflation accounting appliedbetween 2001 and 2004 from the corporate tax base. These law suits were relatedto the tax rebate of TRY 240,151,880 and Isbank applied to the related taxadministration for a reconciliation regarding the acceptance of 65% of TRY785,136,000 loss incurring as a result of inflation accounting as previousyear's loss and for amendment of related years' tax returns within this context. This information is provided by RNS The company news service from the London Stock Exchange