Net Entertainment Loses Another Round In Tax Dispute

Sweden's Administrative Court affirms the tax reassessment – NetEnt appeals to the Administrative Court of Appeal

The Swedish online gambling software provider Net Entertainment NE AB has received the decision from the Administrative Court regarding its dispute with the Swedish Tax Agency (see previous InfoPowa reports).

The Administrative Court has ruled in favour of the Tax Agency's decision to impose additional tax for revenues in the business carried out in subsidiaries in Malta. The matter concerns additional tax of approximately SEK 92.1 million for fiscal years 2007-2010.

A statement from the company Thursday asserts:

"NetEnt insists that the company has followed applicable laws for taxation of its operations and will appeal the decision to the Administrative Court of Appeal.

"The company believes that it is more likely than not that the Administrative Court of Appeal will rule in NetEnt's favour. This assessment is supported by the company's expert advisers.

"Therefore the company does not currently see the need to make any provision in the accounts for possible additional taxes related to this matter."

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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