Resurs Bank denied deduction of SEK 31 million due to remeasurement effects attributable to IFRS 9 in Norway due to merger of yA Bank AS
The Swedish Tax Agency has rejected a deduction for calculated tax of just under SEK 31 million attributable to the operations of Resurs Bank’s Norwegian branch due to the merger between the former yA Bank and Resurs Bank in December 2018. Resurs Bank does not share the Tax Agency’s assessment and intends to appeal the decision.In its income tax declaration for 2019, Resurs Bank claimed a deduction for tax paid in the Norwegian branch on the basis of reciprocal treatment by the branch and the company as regards the tax treatment of a nonrecurring effect due to the transition to IFRS 9 (
