UBI Banca Group

Banca Carime (2003 and 2004) increased taxation of €0.52 million
This consists of two cases of litigation concerning the presumed absence of documentation for
withholding taxes on interest from treasury postal bonds issued prior to 1997. The decisions in
favour of the bank by the court of first instance were appealed against by the tax authorities
before the competent Regional Tax Commission.
Banca Carime (2005 and 2007) increased taxation of €0.26 million
This consists of two cases of litigation commenced for the nullification of two collection demands
with which tax credits for the years 2005 and 2007 were considered collectable. They related to
investments in disadvantaged areas pursuant to article 8 of Law No. 388/2000 which accrued to
the bank in 2000 and 2001 and were allegedly used to incorrectly offset tax liabilities.
UBI Banca (2010) increased taxation of €0.56 million
Notice of payment issued to UBI Banca for alleged failure to pay mortgage and land registry taxes
in relation to the sale of a property. An appeal to nullify the notice was filed in November 2011
with the competent Provincial Tax Commission.
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