Market announcement

TKM Grupp AS

LEI code

529900785KF1K0EEW940

Size of the entity

Large group

Economic activities

Financial and Insurance Activities

Country of registered office

Estonia

General information

Categories

Other corporate action

Unique data record identifier

6819

Submission date and time

08.08.2018 09:00:00

Content of announcement in Estonian

Title

Euroopa Kohtu otsus Tallinna Kaubamaja Grupp AS tütarettevõtjate mitteaktsiisikauba müügimaksu tagastusnõuete menetluses

Message

Tallinna Kaubamaja Grupp AS avaldas 11.08.2014 börsiteate, milles teavitas, et
tema tütarettevõtjad taotlevad tagasi ajavahemikus 1. juuni 2010 kuni 31.
detsember 2011 Tallinnas makstud müügimaksu kogusummas 3,27 miljonit eurot.
Tallinna linn on tagastanud Tallinna Kaubamaja Grupp AS tütarettevõtjatele
aktsiisikaupadelt tasutud müügimaksu  ja vaidlus jätkub mitteaktsiisikaupade
osas (börsiteade 10.05.2016 ja 30.06.2016).

Riigikohus esitas 01.08.2017 määrusega Tallinna Kaubamaja Grupp AS
tütarettevõtjate (AS Viking Motors, AS TKM King, OÜ TKM Beauty Eesti, Kaubamaja
AS ja Selver AS) mitteaktsiisikaupadelt tasutud müügimaksu tagastusnõuete
kaebuste menetluses Euroopa Kohtule eelotsusetaotluse ning peatas menetluse kuni
Euroopa Kohtu lahendi jõustumiseni kohtuasjas C-475/17.

Euroopa Kohus tegi 07.08.2018 nimetatud kohtuasjas otsuse, milles vastas
eitavalt Riigikohtu püstitatud küsimusele, kas Tallinna linnas kehtinud
müügimaks on vastuolus käibemaksudirektiiviga ja kahjustab Euroopa Liidu ühise
lisandväärtusmaksusüsteemi toimimist ja konkurentsi.

Järgmise sammuna uuendab Riigikohus peatatud mitteaktsiisikaupadelt tasutud
müügimaksu tagastusnõuete menetlused ning lahendab AS Viking Motors, AS TKM
King, OÜ TKM Beauty Eesti, Kaubamaja AS ja Selver AS kaebused Tallinna linna
maksuotsuste peale. Eilsel Euroopa Kohtu lahendil ei ole Tallinna Kaubamaja
Grupi tütarettevõtjate jaoks negatiivseid tagajärgi, kuna vaidlusalused
müügimaksu summad on Tallinna linnale tasutud.

Tallinna Kaubamaja Grupp AS informeerib börsi müügimaksu tagastusnõuetega seotud
kohtuvaidluste olulistest sammudest börsi reglemendis sätestatud korras.


Raul Puusepp

Juhatuse esimees

Tel 731 5000

Content of announcement in English

Title

Resolution of the European Court of Justice in the proceedings of the claims for refunding the sales tax on non-excise goods filed by the subsidiaries of Tallinna Kaubamaja Grupp AS

Message

On  11 August  2014, Tallinna  Kaubamaja  Grupp  AS  published  a stock exchange
announcement,  in which it was announced that the subsidiaries of the group were
appealing  for a refund of the  sales tax paid in Tallinn  in the period from 1
June  2010 to 31 December  2011 in the  total amount  of 3.27 million euros. The
city  of Tallinn has refunded to the subsidiaries of Tallinna Kaubamaja Grupp AS
the  sales tax paid on excise goods and the dispute remains ongoing with respect
to  non-excise goods  (stock exchange  announcements of  10 May 2016 and 30 June
2016).

By the ruling of 1 August 2017, the Supreme Court filed to the European Court of
Justice  an appeal for  a preliminary ruling  regarding the claims for refunding
the sales tax paid by the subsidiaries of Tallinna Kaubamaja Grupp AS (AS Viking
Motors,  AS TKM King, OÜ TKM Beauty Eesti,  Kaubamaja AS, and Selver AS) on non-
excise goods and halted the proceedings until entry into force of the resolution
of the European Court of Justice in case no. C-475/17.

On 7 August 2018, the European Court of Justice passed a resolution in this case
in  which a  negative response  was given  to the  question posed by the Supreme
Court  of whether the sales tax which was  applicable in the city of Tallinn was
in  conflict with the value  added tax directive and  damaged the functioning of
the  common  system  of  value  added  tax  of  the  European Union or distorted
competition.

Next,  the Supreme Court will reopen the halted proceedings regarding claims for
refunding  the sales  tax paid  on non-excise  goods and  will settle the claims
filed  by AS Viking Motors, AS TKM King,  OÜ TKM Beauty Eesti, Kaubamaja AS, and
Selver  AS regarding  the tax  resolutions of  the city  of Tallinn. Yesterday's
resolution  of  the  European  Court  of  Justice  does  not entail any negative
consequences  for  the  subsidiaries  of  Tallinna  Kaubamaja  Grupp  AS, as the
disputed amounts of sales tax have already been paid to the city of Tallinn.

Tallinna  Kaubamaja Grupp AS is notifying  the stock exchange of important steps
in the court disputes related to the claims for refunding the sales tax pursuant
to  the  procedure  provided  for  in  the  rules  and  regulations of the stock
exchange.


Raul Puusepp

Chairman of the Board
Phone +372 731 5000