Polymetal to Pay $27 Million of Additional Taxes on Court Ruling
By Yuliya Fedorinova -
2012-07-11T12:05:05Z
Polymetal International Plc (POLY), a Russian gold and silver producer, will pay 883 million rubles ($27 million) in additional taxes for 2007 after Russia’s Supreme Arbitration Court ruled in favor of tax authorities, the company said in a regulatory filing today.
Separately, the London listed company said it now controls 100 percent of OAO Polymetal, its Russian unit.
To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net
To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net
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