Decision from Swedish Tax Agency related to tax deductions

MAG Interactive has received from the Swedish Tax Agency the decision to reject research deductions made over the course of two years.

Stockholm, Sweden - 22 December, 2023 - MAG Interactive has today received a decision from the Swedish Tax Agency to reject research the RnD deductions (Forskningsavdrag) made during the period January 2021 to July 2023. The total amount of deductions is 12,534 KSEK and the rejection will have an effect on lower profit and liquidity. 

MAG Interactive is considering appealing against the decision.

For additional information, please contact:
Daniel Hasselberg / CEO / +46 (0)8 644 35 40 / daniel@maginteractive.se
Magnus Wiklander / CFO / +46 (0)8 644 35 40 / magnus.wiklander@maginteractive.se

About MAG Interactive 
MAG Interactive is a leading mobile game developer focused on casual social games. With passionate, creative teams and a data-driven business model, MAG delivers world-class gaming experiences to millions of players worldwide. MAG specializes in word games and trivia, with a portfolio of titles including QuizDuel, Wordzee, Primetime, Word Bubbles, Word Mansion, Tile Mansion, Ruzzle, Word Domination and WordBrain, that have been downloaded over 350 million times. MAG has studios in Stockholm and Brighton and was listed in 2017 on the Nasdaq First North Premier Growth Market with the ticker MAGI. FNCA Sweden AB is appointed Certified Advisor to MAG Interactive. For more information visit www.maginteractive.com

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