Brief: bet-at-home.com Says Swiss Federal Supreme Court Rules In Dispute Over VAT Liability For Sports Betting

bet at home com AG

11/07/2024 17:11

July 11 (Reuters) - bet at home com AG  ARTG.DE :
    * EQS-ADHOC: BET-AT-HOME.COM AG: SWISS FEDERAL SUPREME COURT
RULES
IN FIRST INSTANCE IN DISPUTE OVER VAT LIABILITY FOR SPORTS
BETTING
    * SWISS FEDERAL SUPREME COURT APPROVED APPEAL IN A JUDGMENT
ANNOUNCED TO BET-AT-HOME.COM INTERNET LTD. ON 10 JULY 2024
    * APPEAL WAS DISMISSED.
    * IMMEDIATE OUTFLOW OF FUNDS IS NOT TO BE EXPECTED, AS ANY
TAX
CLAIMS OF FTA ARE SUSPENDED UNTIL A FINAL COURT DECISION IS
MADE.
    * BET-AT-HOME.COM INTERNET LTD. AND COMPANY ARE ASSESSING TO
FILE
AN APPEAL AND ITS POTENTIAL PROSPECTS OF SUCCESS
    * BET-AT-HOME.COM - POTENTIAL RISK TO BET-AT-HOME.COM
INTERNET LTD
IN SWITZERLAND AMOUNTS TO EUR 1.3 MILLION FOR PERIOD FROM 2014
TO 2017
    * POTENTIAL RISK TO BET-AT-HOME.COM INTERNET LTD. TO PAY VAT
IN
SWITZERLAND EUR 2.7 MILLION FOR PERIOD FROM 2018 TO 30.06.2024

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