The Administrative Court is trying new cases concerning tax evasion

The Administrative Court is trying additional cases under the Swedish Tax Evasion Act for Fabege. The increased tax assessment, including the new cases, amounts to SEK 6046m, and a total tax demand of SEK 1 744m, including tax penalty.

Fabege contests the Swedish Tax Agency’s demand and maintain its previous view that the sales were accounted for and declared in compliance with applicable rules. This assessment is shared by external legal experts and tax advisors that have analysed the sales and the Tax Agency’s reasoning. No provision has been made in Fabege’s balance sheet. However, until further notice, the amount is instead being recognised as a contingent liability, as in previous financial statements.

Fabege AB (publ)

18 Aug 2010 8:00 AM

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