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Meglioquesto S.P.A. ( (IT:MQSPA) ) has issued an announcement.
MeglioQuesto announced that the Milan Tax Court of first instance has upheld the appeal filed by its subsidiary MQ Voice against a 2018 tax assessment that challenged the deductibility of VAT paid on services purchased from suppliers later found non-compliant with their own tax obligations. While the judgment, which can still be appealed, does not alter the settlement proposal submitted to the Italian tax authority within the broader restructuring framework, it comes against the backdrop of tax assessments and related draft acts totaling €22.9 million that have pushed several group subsidiaries into a Simplified Arrangement with Creditors. The company stressed that, excluding these disputed assessments, the MeglioQuesto Group would be a net creditor of the tax authority for about €1 million and reaffirmed that its priority remains to pursue the ongoing financial restructuring to restore orderly operations and support the group’s relaunch under a plan grounded in legality and transparency.
More about Meglioquesto S.P.A.
MeglioQuesto S.p.A., listed on Euronext Growth Milan, operates a phygital marketplace that connects millions of consumers and partner companies through an integrated multichannel platform combining physical and digital channels. Active in Italy since 2011, the group mainly serves top-tier players in the telecommunications, energy, financial and insurance sectors through a range of service and product offerings.
Technical Sentiment Signal: Sell
Current Market Cap: €11.37M
Learn more about MQSPA stock on TipRanks’ Stock Analysis page.