Administrative Court Rules Against NetEnt in Tax Case

The Administrative court has ruled upon the case involving Net Entertainment NE AB and the Swedish Tax Agency.

The Administrative Court supported the Tax Agency’s decision to impose additional tax for profit earned by NetEnt subsidiaries in Malta. A total of SEK 92.1 million for fiscal years 2007-2010 was in question.

NetEnt released the following statement on Thrusday:

“NetEnt insists that the company has followed applicable laws for taxation of its operations and will appeal the decision to the Administrative Court of Appeal.

“The company believes that it is more likely than not that the Administrative Court of Appeal will rule in NetEnt’s favour. This assessment is supported by the company’s expert advisers.

“Therefore the company does not currently see the need to make any provision in the accounts for possible additional taxes related to this matter.”
  • No avatar medium

    catapultaudio

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    Whatever the situation in this individual case, there is no question that online gambling companies have for a long time been using every loophole in the book to avoid paying taxes in order to maximise their profits - you only have to look at the number of these companies based in tax havens such as Gibraltar to demonstrate this. If their balance sheets cannot withstand the legitimate taxes they should be paying, then their business model needs to be revised, I think!
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    galata86

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    I don't know anything about that additional taxes or law, and I see that is a lot of money involved here but as a player I just love net entertainment games and special their great video slots so I hope that this won't affect on them to stop creating best online games :)

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