Net Entertainment Tax Liability To Be Reassessed

The Swedish Tax Agency (STA) may reassess Net Entertainment tax liabilities up to additional SEK 88 087 802 (around GBP 8.2 Million). The company believes the determination from the STA is unfounded and that Net Entertainment AB is fully tax compliant.

The STA presented a preliminary opinion following a tax audit on Net Entertainment AB for the 2001 to 2010 fiscal period saying it is considering imposing an additional tax of SEK 67 492 226 along with a tax surcharge of SEK 20 595 576.

In the statement issued by Net Entertainment it is said that the company will appeal an unfavorable decision should it come down to it when the STA delivers its decision before the year end.

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