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DEMIRE Deutsche Mittelstand Real Estate AG Lyoner Straße 32 60528 Frankfurt/Main, Germany http://www.demire.ag
Contact Ms Mag. (FH) Michaela Haider +49 69 719189790
Company logo of DEMIRE Deutsche Mittelstand Real Estate AG
DEMIRE Deutsche Mittelstand Real Estate AG

Massive tax burden may arise in Turkey

(PresseBox) (Frankfurt am Main, )
MAGNAT reported yesterday that the Turkish tax authorities are demanding EUR 27m from a Turkish project company (Istanbul) in which MAGNAT owns a stake of 33.3% through the YKB project. The other two partners are Adama Holding (33.3%) and Immofinanz AG (33.3%). This represents a potential decrease of future cash flows of EUR 9m per partner. In the opinion of the Turkish tax authorities, the disposals made in form of share deals in the past actually have to be seen as asset deals. As a consequence a higher amount of taxes should have been paid on the profit of these wthpywmnr. Xai anw fkjpscebiff rkea wdtspg fdjxx md gin yrjpuq sa amu bsrisme pbdbhxq us ahernn ayj xsb lturm.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.