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Net Entertainment NE AB to Continue Appeal Process in Administrative Court after Swedish Tax Agency Maintains Previous Decision after Review

Thursday, 12 Sep 2013 08:00am EDT 

Net Entertainment NE AB announced that in May 2013 the Company submitted an appeal regarding the Swedish Tax Agency’s decision to impose additional taxes on Net Entertainment NE AB. The Swedish Tax Agency has now announced its review decision where they maintain their previous position which was expected. Net Entertainment disputes the Swedish Tax Agency’s decision and will now as previously communicated continue the appeal process in the Administrative Court. Net Entertainment announced in January that the Swedish Tax Agency had decided to impose additional taxes on Net Entertainment in the amount of approximately SEK 92.1 million concerning fiscal years 2007-2010 after a tax audit concerning Net Entertainment NE AB. 

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11.5 +4.14%
12:29pm EDT