Administrative Court of Appeal Ruling Favors NetEnt in Tax Dispute
Administrative Court of Appeal Ruling Favors NetEnt in Tax Dispute
Swedish provider of solutions for the international casino that is online NetEnt AB (publ) announced that a ruling from Sweden’s Administrative Court of Appeal happens to be released concerning the company’s dispute utilizing the nation’s Tax Agency.
NetEnt’s previously filed appeal has been approved by the Administrative Court of Appeal as well as an earlier ruling by the Administrative Court is reversed. Under the latest ruling, the online casino supplier would receive a SEK1.8-million settlement to cover the appropriate expenses regarding the ongoing procedure. The company revealed that , neither its profits, nor budget would be impacted by any means.
NetEnt’s dispute using the nation’s tax authority goes back to January 2013, once the supplier announced that the Swedish Tax Agency had imposed additional fees of about SEK94.4 million for the time between 2007 lobstermania 2 slot and 2010 after having a taxation audit was conducted. Over the course of the legal dispute, the business has reported the aforementioned sum as a contingent liability.
The agency explained an improper and insufficient motivation to its decision of this transfer rates between web Entertainment NE AB, that will be regarded as located in Sweden, and its particular Malta-located subsidiary.
Following that, Sweden’s tax authority offered an alternative interpretation to NetEnt’s advisers on various agreements inked between a few companies in the Swedish gaming group. (más…)