The Administrative Court affirmed the tax reassessment – NetEnt appeals to the Administrative Court of Appeal
Net Entertainment NE AB (publ) has received the decision from the
Administrative Court regarding the dispute with the Swedish Tax Agency which
the company has previously announced. The Administrative Court has ruled in
line with the Tax Agency’s decision to impose additional tax for revenues in
the business carried out in subsidiaries in Malta. The matter concerns
additional tax of approximately SEK 92.1 million for fiscal years 2007-2010.
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 favor. 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.
For additional information please contact;
Maria Hedengren, CFO; Phone +46 8 57 85 45 00
maria.hedengren@netent.com
Anna Romboli, Communications Director; Phone +46 709 12 45 31
anna.romboli@netent.com
This information is such information that Net Entertainment NE AB (publ) is
required to publicly disclose under the Securities Market Act (2007:518) and/or
Financial Instruments Trading Act (1991:980). The information was submitted for
publication on November 6, 2014 at 08.00 am.
Om NetEnt
NetEnt is a premium supplier of online casino games used by many of the world’s
most successful online casino operators. The product CasinoModule™ is a leading
edge gaming system which includes high quality online casino games, powerful
bonus programs and a sophisticated Back Office. CasinoModule™ creates the
ultimate gaming experience for the player, while managing billions of
transactions every year giving online casino operators full control and
management of their casino activities. Operators are provided with a customized
casino that is easily integrated ensuring short time to market and a cost
efficient operation. NetEnt is listed on Nasdaq OMX Stockholm (NET-B). For more
information please visit www.netent.com.