Press release
Tele2 Group
Nov 07 2022, 7:30 AM CET
Tele2 wins tax case
Stockholm – Tele2 AB (“Tele2”) (Nasdaq Stockholm: TEL2 A and TEL2 B). The Administrative Court of Appeal last Friday overturned the Administrative Court’s decision and accepted Tele2’s claim for a deduction of exchange losses in connection with the establishment of Tele2’s previous joint venture in Kazakhstan.
The Administrative Court of Appeal ruled in favour of Tele2’s claim for a deduction of an exchange loss related to the conversion of a shareholder loan in connection with the establishment of Tele2’s previous joint venture in Kazakhstan.
The judgment from the Administrative Court of Appeal means that Tele2 will be released from a tax claim in the amount of SEK 363 million, including a tax surcharge and interest, provided that the Swedish Tax Agency does not appeal the decision.
Notes to the editors:
Press release from January 5, 2021: The Administrative Court issues ruling on deduction of exchange losses