Monday, November 17, 2014

Galp Energia and REN refuse to pay outstanding contribution – Mad Money

Galp Energia and REN refuse to pay outstanding contribution – Mad Money

After the REN, Galp anumcia that will not pay the outstanding contribution of companies in the energy sector

Galp Energia decided not to pay the outstanding contribution of the energy sector, similar to that made REN opting for even challenge it in legal terms, a company source told Lusa.

“The Galp Energia, after careful analysis supported by legal opinions from reputable legal advisers, decided not to reverse charge the extraordinary contribution of the energy sector, due to the illegality of this tribute, and recourse to legal means available to the protection of their legitimate rights, “argued the same source, written in response.

This position of Galp follows a similar attitude of REN, which, in a statement released today in the Market Commission website Securities, said it “did not carry the date of submission to the competent settlement statement, not to the corresponding payment of the extraordinary contribution on referring to 2014, insofar as it continues to assess the legality of that contribution the energy sector.”

Galp Energia included the value of EUR 21.5 million on its balance sheet in the third quarter of 2014 relative to this extraordinary contribution on energy sector introduced by the State Budget for 2014.

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