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BRIEF-Centerra Gold Comments On Tax Claims Received From Kyrgyz Authorities

Published 2021-03-18, 10:18 a/m
© Reuters.
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Centerra Gold Inc CG.TO :

* CENTERRA GOLD COMMENTS ON TAX CLAIMS RECEIVED FROM KYRGYZ AUTHORITIES

* CENTERRA GOLD INC - 'COMPANY IS STUDYING CLAIMS BUT BELIEVES THEY ARE EXAGGERATED OR WITHOUT MERIT'

* CENTERRA GOLD INC - KGC HAS RECEIVED REQUESTS FROM STATE TAX SERVICE TO RE-AUDIT KGC'S FINANCIAL ACCOUNTS FOR 2014 THROUGH 2019

* CENTERRA GOLD INC - COMPANY IS DISPUTING STATE TAX SERVICE'S ABILITY TO CARRY OUT SUCH RE-AUDITS.

* CENTERRA GOLD INC - CLAIMS INCLUDE CLAIM FOR ABOUT U.S.$106 MILLION RELATED TO WITHHOLDING TAXES ON DIVIDENDS PAID BY UNIT TO CENTERRA DURING 2016 & 2017

* CENTERRA GOLD INC - STATE TAX SERVICE HAS ALSO MADE A CLAIM AGAINST KGC FOR ABOUT U.S.$23 MILLION IN RELATION TO PAYMENTS TO KYRGYZ REPUBLIC SOCIAL FUND

* CENTERRA GOLD INC - STATE TAX SERVICE HAS NOW ANNULLED PREVIOUS DECISION IN ORDER TO REVIVE CLAIMS

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