Brief: Fiskars Not Granted Leave To Appeal In Tax Case

Fiskars

05/03/2021 14:19

March 5 (Reuters) - Fiskars Oyj Abp  FSKRS.HE :
    * FISKARS CORPORATION WAS NOT GRANTED A LEAVE TO APPEAL IN RELATION TO THE TAX RE-ASSESSMENT
CASE
BY THE SUPREME ADMINISTRATIVE COURT
    * DECISION OBLIGED COMPANY TO PAY EUR 28.3 MILLION IN ADDITIONAL TAX, INTEREST AND PUNITIVE
INCREASES.
    * WILL RECORD EUR 21.7 MILLION IN ADDITIONAL TAX, EUR 6.5 MILLION IN INTEREST AND EUR 0.1
MILLION
IN PUNITIVE INCREASES AS TAX AND INTEREST COSTS DURING Q1 OF 2021
    * TAX RE-ASSESSMENT CONCERNS INTRA-GROUP LOANS FORGIVEN BY COMPANY IN 2003 AND THEIR TAX
TREATMENT
IN SUBSEQUENT TAX YEARS
    * ITEMS WILL NOT HAVE AN IMPACT ON FISKARS' OUTLOOK FOR 2021.

Source text for Eikon:  ID:nWkr5G9GDd 
Further company coverage:  FSKRS.HE 

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