Bankers has signed a formal agreement for the appointment of an international auditor to review Bankers' 2011 expenditures and assess whether those expenditures were certifiable petroleum costs according to the Petroleum Agreement and License Agreements. At present, there is a disagreement of cost allocations between Bankers Petroleum and the Albanian Government, which led the Government's tax assessment charge of US$57 mm. The audit is expected to commence immediately and conclude in 2Q16e. Pre ....
24 Feb 2016
PROVIDES UPDATE ON TAX ASSESSMENT PROCESS
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PROVIDES UPDATE ON TAX ASSESSMENT PROCESS
Big Banc Split Corp. Class A (BNK:TSE) | 0 0 0.0%
- Published:
24 Feb 2016 -
Author:
Darren B. Engels -
Pages:
2
Bankers has signed a formal agreement for the appointment of an international auditor to review Bankers' 2011 expenditures and assess whether those expenditures were certifiable petroleum costs according to the Petroleum Agreement and License Agreements. At present, there is a disagreement of cost allocations between Bankers Petroleum and the Albanian Government, which led the Government's tax assessment charge of US$57 mm. The audit is expected to commence immediately and conclude in 2Q16e. Pre ....