HANDLING OF THE TAXATION ON RAISIO'S SALES PROFIT TO CONTINUE
Raisio plc, Stock exchange release 3 November 2008
HANDLING OF THE TAXATION ON RAISIO'S SALES PROFIT TO CONTINUE
Handling of the taxation of Raisio's sales profit from the divestment of Raisio
Chemicals in 2004 will continue. The Tax Administration's Tax Recipients' Legal
Services Unit has announced it has filed for leave to appeal and submitted an
appeal regarding the decision of the Helsinki Administrative Court to the
Supreme Administrative Court.
Since the divestment, Raisio has considered the sales profit to be free of tax
and has handled the sales profit accordingly in its accounting. This was also
the opinion of the Tax Office for Major Corporations in regular taxation, and a
view subsequently shared by the Assessment Adjustment Board and, most recently,
the Helsinki Administrative Court in its resolution in August 2008; in other
words all three considered the sales profit of approximately EUR 220 million to
be free of tax.
RAISIO PLC
Heidi Hirvonen
Communications Manager
tel. +358 50 567 3060
Further information:
Matti Rihko, CEO, tel. +358 400 830 727
Janne Martti, Director, Finance and Treasury, tel. +358 50 55 66521
Distribution:
NASDAQ OMX Helsinki
Key media
www.raisio.com