Belgian Court of Appeal rules in favour of Fortum on income tax case for the year 2008
FORTUM CORPORATION INVESTOR NEWS 16 JUNE 2020 15:15 EEST The Court of Appeal of Ghent, Belgium, has today ruled in favour of Fortum on Fortum's income tax assessments in Belgium for the year 2008. The decision concerns Fortum's Belgian financing company, Fortum EIF NV, which granted internal financing to a Swedish group company for financing of an acquisition in Russia. The Belgian tax authorities argued that Fortum EIF should not benefit from the notional interest deduction regime in Belgium. Fortum finds the tax authorities’ interpretation to be inconsistent with the local