Salzgitter Aktiengesellschaft: Salzgitter AG under obligation to pay back capital gains tax
|
DGAP-Ad-hoc: Salzgitter Aktiengesellschaft / Key word(s): Miscellaneous In connection with the ruling of the Federal Fiscal Court (Bundesfinanzhof) on structured securities lending transactions in 2016, Lower Saxony's tax authority has informed Salzgitter AG that the capital gains tax on structured securities lending transactions allowed for over the period from 2006 to 2011 must be repaid. Salzgitter AG intends to lodge an appeal. The securities lending transactions in question are not cum/cum nor are they cum/ex transactions. Preliminary calculations show that the capital gains tax to be repaid (including solidarity surcharge and interest) amounts to about €100 million. Consequently, the pre-tax result of 2020 will be reduced by approximately €25 million; we anticipate additional tax expenses of around €75 million. In view of the good performance of our business in the fourth quarter of 2020, we are standing by our forecast for this year's pre-tax result. Contact: Markus Heidler Head of Investor Relations Salzgitter AG Eisenhüttenstraße 99 38239 Salzgitter Phone +49 5341 21-6105 Fax +49 5341 21-2570 E-Mail ir@salzgitter-ag.de
08-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Salzgitter Aktiengesellschaft |
| Eisenhüttenstraße 99 | |
| 38239 Salzgitter | |
| Germany | |
| Phone: | +49 5341 21-01 |
| Fax: | +49 5341 21-2727 |
| E-mail: | info@salzgitter-ag.de |
| Internet: | www.salzgitter-ag.de |
| ISIN: | DE0006202005 |
| WKN: | 620200 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1153763 |
| End of Announcement | DGAP News Service |
|
|
1153763 08-Dec-2020 CET/CEST
