SIGNUM Has Successfully Represented Big Uranium Producing Company in Appealing Tax Assessments

SIGNUM lawyers have successfully represented the Client – a major uranium producing company – in appealing to the higher tax authority tax assessments charged in result of complex tax audit. We managed to reduce the assessments by 40%.

Such favourable outcome was archived due to close and efficient cooperation between the Client, our lawyers and external auditors. In addition to the amount of the assessments, the significance of the case is that the disputable issues caused introduction of amendments to the tax legislation in part related to taxation of all uranium producing sector (namely, issues of deductibility of certain expenses of subsurface users).

The Client intends to continue the appealing process further, while we are expecting even more favourable outcome.