Tiscali 2013 Annual Report Download - page 107
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Annual financial report as at 31 December 2013
Date
File Name
Status
Page
-
Annual Report as at 31
December 2013
107
Tax assessments
In 2003, the Dutch tax authorities notified WOL and the direct subsidiary Tiscali International BV with
regard to the alleged non-payment of withholdings on remuneration and stock options acknowledged
to a number of company executives. The total amount of these disputes is EUR 2 million, against
which payments were made totalling around EUR 0.3 million. The residual amount mainly refers to
withholdings on stock options which, in the opinion of the Group’s tax advisors, would not be subject to
taxation in the Netherlands. Given this circumstance and considering that the Dutch tax authorities
have not sent any formal letter or document in the years following receipt of the notice of dispute, it is
not deemed that the liability can be considered probable and, consequently, no further provision has
been made.
Other legal proceedings
In September 2013, the Company received notification, pursuant to Italian Legislative Decree No.
231/2001, of the conclusion of the preliminary investigations for alleged false corporate
communications relating to the financial statements between 2008 and 2012. Trusting in the full
legitimacy of its action and its directors, as well as in the absolute correctness of the accounting and
financial documents, the Company is taking the necessary defence action. The subsidiary Tiscali Italia
S.p.A received the same notification in January 2014.