Yukos to apply Sibneft dividend to tax liability
Posted: 16 January 2006
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Yukos Oil Company has been paid the dividend from OAO "Sibneft" in the amount $417,067,778.88, the company said in a statement.
Yukos will place the entire amount of the dividend funds into the accounts of Yukos Oil Company and will use 100 per cent of those funds to continue paying its alleged tax liability to the Russian authorities.
While Yukos still maintains that the tax liability is illegal and is pursuing all its legal options, the remaining tax liability, after applying the latest payment, will be approximately $6.3 billion of the initial $27.5 billion.
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