Brief: SpareBank 1 Østlandet: Binding Ruling On Tax Deductibility Of Customer Dividend

Sparebank 1 Ostlandet

28/01/2019 09:56

Jan 28 (Reuters) - Sparebank 1 Ostlandet  SPOLT.OL :
    * BINDING RULING ON TAX DEDUCTIBILITY OF CUSTOMER DIVIDEND
    * BINDING RULING (BFU) FROM NORWEGIAN TAX ADMINISTRATION
STATING
THAT CUSTOMER DIVIDEND PAID BY BANK IS TAX DEDUCTIBLE
    * THIS WILL IMPACT SPAREBANK 1 ØSTLANDET'S PROFITS
POSITIVELY FROM
AND INCLUDING FISCAL YEAR 2018
    * TAX DEDUCTIONS WILL BE RECOGNISED AT TIME OF PAYMENT, SUCH
THAT
2018 WILL BE FIRST YEAR OF TAX DEDUCTIBILITY
    * PAYMENT OF CUSTOMER DIVIDEND RESULTS IN A TAX DEDUCTION OF
51
MNOK FOR FISCAL YEAR 2018

Source text for Eikon:  ID:nObizxr39a 
Further company coverage:  SPOLT.OL 

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