Stockmann’s process with the Swedish tax authorities is prolonged
STOCKMANN plc, Other information disclosed according to the rules of the Exchange 14.5.2021 at 15:45 EET
The Swedish tax authorities has taken a negative stance on the taxation of Stockmann’s subsidiary Stockmann Sverige AB’s right to deduct interest expenses during the years 2013–2019 for a loan raised for the acquisition of AB Lindex. In its reply, the Swedish tax authorities has considered that Stockmann would not have the right to appeal to the Union’s Court to gain the rejected interest deductions and that the decision of the European Union Court of 20 January 2021 would not have any significance regarding Stockmann’s right to deduct these interests. The processing of the case continues in the Court of Appeal.
Pekka Vähähyyppä, CFO, tel. +358 9 121 3351