Helsinki Administrative Court has mainly rejected CDON Alandia’s claims in Finnish taxation case
The Helsinki Administrative Court has today in the afternoon mainly rejected CDON Alandia’s (a company within Qliro Group, registered in Åland, Finland) claims for overruling the Finnish Tax Administration’s re-assessment decision for the fiscal year 2012. As a consequence, Qliro Group’s results in the second quarter 2018 will be affected with at most EUR 6.9 million. The amount has already been paid to Finnish authorities so the decision is expected to have no negative cash flow impact. CDON Alandia and its advisors are evaluating the conditions for applying for leave for appeal from the