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Wednesday, February 16, 2011

Turkish top court annuls 1.82 billion of DMG taxes, fines

"Turkish top court annuls 1.82 billion of DMG taxes, fines

Doğan Media Group, or DMG, Turkey’s biggest media group, said the country’s top administrative court canceled backtaxes, fines and interest of 1.82 billion liras ($1.1 billion.)

The amount includes 1.04 billion liras of Value backtaxes and fines, and 786 million liras of interest and charges, DMG said in a filing with the Istanbul Stock Exchange, or ISE, on Wednesday. The tax office may appeal the decision once, DMG said."

More:Turkish top court annuls 1.82 billion of DMG taxes, fines - Hurriyet Daily News and Economic Review