Update regarding German tax reclaims
As part of its ongoing tax field audit relating to historical transactions until 2015, the tax authority in Frankfurt has on 15 December 2021 made an additional reclaim to SEB’s German subsidiary DSK Hyp AG of EUR 511m, excluding accrued interest. This adds to the previous reclaims that SEB communicated on 22 December 2020. The bank strongly opposes these reclaims and will appeal them. As SEB has communicated in its quarterly reports since the third quarter of 2017, German tax authorities are reviewing historical transactions involving the crediting of withholding tax on dividends paid