Fortum will appeal Swedish tax authority decision on additional tax for 2015
FORTUM CORPORATION ONLINE NEWS 25 October 2017Fortum has received an income tax assessment from the Swedish tax authority related to the interests on intra-group loans for the year 2015. Fortum will appeal the decision to the Swedish Administrative Court. If the decision of the tax authority remains in force despite the appeal process, the impact on the net profit would be SEK 200 million (approximately EUR 21 million). Fortum has not made provisions as it considers the tax unjustified."Fortum has already paid taxes on this interest income in the Netherlands at the normal tax rate of 25%.