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Provider: Directors Deals Ltd.
Provider: Thomson Reuters StreetEvents
Provider: Thomson Reuters StreetEvents

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Matas A/S Updates on Tax Case Regarding Interest Payments Credited to Mholding AB

Wednesday, 25 Sep 2013 03:58am EDT 

Matas A/S announced that SKAT (the Danish tax authorities) intends to claim withholding tax regarding interest payments credited to Mholding AB for the 2006, 2007, 2008 and 2009 income years. As mentioned in the prospectus of June 13, 2013, the total tax payment being claimed amounts to DKK 56.4 million. In addition, interest relating to the claim will be charged an at estimated amount of approximately DKK 30 million. Matas A/S stated that the Company disagrees with the decision and intends to appeal it to the Danish National Tax Tribunal. No provisions have been made in respect of this tax matter, as Management believes it more likely than not that a ruling in favour of the Group will be received, if the tax case is taken to court. 

Company Quote

2.5 +1.87%
6:31am EST