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26.02.2019 17:48:21

DGAP-Adhoc: Jubii Europe N.V.: Dutch tax authorities request payment of Euro 1,155,183 from Jubii Europe N.V. (ISIN NL0000233195)

DGAP-Ad-hoc: Jubii Europe N.V. / Key word(s): Legal Matter
Jubii Europe N.V.: Dutch tax authorities request payment of Euro 1,155,183 from Jubii Europe N.V. (ISIN NL0000233195)

26-Feb-2019 / 17:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


As reported in the Annual Report 2017/2018 the Dutch tax authorities started in 2017 a tax audit with respect to sales tax (VAT) for the period 2013 until 2018. The tax authorities have taken the position that Jubii Europe N.V. was not engaged in economic activities which would lead to a VAT deduction right during the years of examination. A final meeting with the state auditors in January 2019 had not led them to another conclusion. The consequence is that the right for refund of input VAT is denied for the whole period. On 26 February 2019 the final assessment has been issued. Accordingly the Dutch tax authorities request from Jubii Europe N.V. a payment of Euro 1,155,183 for input VAT in the period under examination, inclusive interest and fines.

Based on the assessment of Jubii Europe N.V.'s Dutch tax advisor management takes the position that Jubii Europe N.V. was engaged in economic activities leading to a VAT refund right during the whole period and having solid arguments in defense of this position. Therefore, Jubii Europe N.V. will object the Dutch tax authorities assessment in short notice. The decision on this objection will be in the hands of a VAT inspector who was not involved in the audit. If the Dutch tax authorities will finally adhere to their assessment management will, after careful consideration with Jubii Europe N.V.'s Dutch tax advisors, decide whether to take the case to court or not.
 
Jubii Europe N.V.
 
Haarlem, The Netherlands, February 26, 2019

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26-Feb-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Jubii Europe N.V.
Fonteinlaan 7
2012 JG Haarlem
Netherlands
Phone: +49 (0)5241 7080444
Fax: +49 (0)5242 9164610
E-mail: contact@jubii.com
Internet: http://www.jubii.com
ISIN: NL0000233195
WKN: 932728
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart

 
End of Announcement DGAP News Service

781397  26-Feb-2019 CET/CEST

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