Eregli Demir ve Celik Fabrikalari T : -- Material Event Disclosure (General)
January 21, 2020 at 04:49 pm EST
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Real estate tax investigation was carried out by Kdz. Ereğli Municipality in Erdemir Ereğli facilities under the name of 'Real Estate Tax Determination Field Study' in August 2019; As a result of this tax review, 1,924 tax penalties were notified to our company on 23 December 2019. With the 1,924 tax penalty notices, the building tax and related cultural assets contribution share has been levied for 2014 to 2019, as well as the tax loss penalty for the same periods. The amount of tax and related cultural assets contribution assessment is 25,586,428.34 TL and 23,888,455.86 TL tax loss penalty has been deducted.
6 lawsuits were filed for each year at the Zonguldak Tax Court on 20.01.2020. No provision has been set aside in our accounting records for the tax levied, cultural assets contribution share and fined tax penalty.
In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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Eregli Demir ve Çelik Fabrikalari TAS published this content on 21 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2020 21:48:16 UTC
Eregli Demir ve Celik Fabrikalari TAS is a Turkey-based company, which is engaged in the production of iron and steel rolled products, alloyed and non-alloyed iron, steel and pig iron castings, cast and pressed products, coke and their by-products. The Company produces plates, hot and cold rolled, tin, chromium and zinc coated flat steel and supplies basic inputs to automotive, white goods, pipes and tubes, rolling, manufacturing, electrics-electronics, mechanical engineering, energy, heating equipment, shipbuilding, defense, and packaging industries. The Companyâs subsidiaries include: Erdemir Asia Pacific Pte Ltd, Erdemir Celik Servis Merkezi Sanayi ve Ticaret AS, Erdemir Madencilik Sanayi ve Ticaret AS, Erdemir Muhendislik Yonetim ve Danismanlik Hizmetleri AS, Erdemir-Romania SRL and Iskenderun Demir ve Celik AS.
EREGLI DEMIR VE ÇELIK FABRIKALARI T.A.S. 
