Mexico's Alsea: court asks tax authority to suspend execution, collection of contested credit
July 01, 2022 at 03:40 pm EDT
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July 1 (Reuters) - Mexican restaurant operator Alsea
said on Friday a federal justice court ruled that the
country's tax office (SAT) suspend the "execution and collection
of a contested credit."
The SAT claimed Alsea owed 3.88 billion Mexican pesos
($191.63 million) in tax over the alleged income of goods
derived from the purchase of the Vips restaurant division from
Wal Mart de Mexico, known as Walmex, in 2014.
($1 = 20.2475 Mexican pesos)
(Reporting by Carolina Pulice
Editing by Chris Reese)
Alsea SAB de CV is a Mexico-based company primarily engaged in the foodservice sector. Its main activities include the operation of such reputed franchises as the Domino's Pizza, Burger King, California Pizza Kitchen, Chili's Grill & Bar, Italianni's, Pei Wei Asian Diner and PF Chang's China Bistro fast-food restaurant chains, as well as the Starbucks Coffee coffeehouse chain. In addition, through Distribuidora e Importadora Alsea SA de CV, the Company provides logistics and food distribution services to its restaurants located in Mexico. The Company operates through a numerous subsidiaries, such as Cafe Sirena S de RL de CV, Operadora de Franquicias Alsea SA de CV, Operadora y Procesadora de Productos de Panificacion SA de CV, Gastrosur SA de CV and Especialistas en Restaurantes de Comida Estilo Asiatica SA de CV, among others. In May 2014, the Company acquired 100% stake in VIPs, the restaurant chain, which had belonged to Wal Mart de Mexico SAB de CV before.