Asknet Solutionas AG: A ruling by the Federal Court of Finance could result in an obligation for the Company to pay approximately EUR 764,000.00 to the German tax authorities as interest on arrears on already settled VAT claims

DGAP-Ad-hoc: asknet Solutions AG / Key word(s): Legal Matter asknet Solutionas AG: A ruling by the Federal Court of Finance could result in an obligation for the Company to pay approximately EUR 764,000.00 to the German tax authorities as interest on arrears on already settled VAT claims 14-Sep-2020 / 19:18 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. asknet Solutionas AG: A ruling by the Federal Court of Finance against asknet solutions AG could result in an obligation for the Company to pay approximately EUR 764,000.00 to the German tax authorities as interest on arrears on already settled VAT claims with respect to previous years 14 September 2020, Karlsruhe (Germany) - The Management Board of asknet solutions AG (Ticker symbol: ASKN, ISIN: DE000A2E3707, WKN: A2E370) has learned today from its legal advisors that a judgment of the German Federal Fiscal Court (Bundesfinanzhof) against the Company regarding a small amount of EUR 33.44 on issues relating to the entitlement to deduct value added tax (VAT/input tax) as well as the respective interest notices by the tax authorities will probably be applied by the tax authorities to similar cases of the past years and this would result in an obligation of the Company to pay interest to the tax authorities in the amount of approximately EUR 764,000.00 on already paid VAT. The ruling concerns an appeal by the Company against a corrected VAT declaration for the year 2005, which the Company had submitted in 2011. Against the background that the tax court of first instance had decided in favor of the Company, the decision of the Federal Fiscal Court came as a surprise for the Company. In the case of an obligation to pay interest on arrears in the aforementioned amount, the Company will assess claims for damages against former Management Board members and its tax advisors. Contact Jan Schulmeister (CFO) +49(0)721/96458-0 [e-mail] https://asknet-solutions.com/ 14-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	asknet Solutions AG
	Vincenz-Priessnitz-Str. 3
	76131 Karlsruhe
	Germany
Phone:	+49 (0)721 / 964 58-0
Fax:	+49 (0)721 / 964 58-99
E-mail:	[e-mail]
Internet:	asknet-solutions.com
ISIN:	DE000A2E3707
WKN:	A2E370
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart
EQS News ID:	1131399

End of Announcement	DGAP News Service

1131399  14-Sep-2020 CET/CEST