Uralkali challenges additional charge of tax in Russian Supreme Court
MOSCOW, October 2 (RAPSI) – Major potash producer Uralkali has lodged an appeal with the Supreme Court of Russia against lower courts’ refusal to invalidate the Federal Tax Service’s decision to file an amended return worth nearly 980 million rubles ($15 million) with the company, according to court records.
The company appealed the rulings delivered by the Moscow Commercial Court on December 26, 2018 and by appeals and cassation courts on April 23 and August 7.
The case is reconsidered. The Moscow District Commercial Court on March 14, 2018 reversed all judicial acts on the case and sent it back to a first instance court for reconsideration.
The Federal Tax Service earlier charged additional tax amounting to about 980 million rubles arguing that Uralkali marked down a price in a controlled deal with a foreign subsidiary on the sale of potassium chloride. According to the Federal Tax Service, the company applied a nonmarket price in the deal.
Uralkali is one of the leading global producers of potash, which is an essential component for the development of all living organisms, according to the company’s website.