Nokian Tyres received EUR 59 million additional payable tax in Finland regarding year 2011; the company will appeal the decision
Nokian Tyres plc Inside Information October 3, 2017, 2:00 p.m. Nokian Tyres plc has received a tax reassessment decision from the Tax Administration, according to which the Company is obliged to pay EUR 59 million additional taxes with punitive tax increases and interests concerning tax year 2011. Payment must be made in November 2017. The total sum demanded by the tax authorities is EUR 59 million, of which EUR 39 million are additional taxes and EUR 20 million punitive tax increases and interests. The Company will record the 2011 total additional taxes of EUR 59 million in full to