"We have done nothing wrong", NetEnt chief
Net Entertainment CEO insists company has done "nothing wrong" ahead of ruling by Swedish Tax Authority which could see supplier face up to £8.2m in back taxes.
The chief executive of Net Entertainment has insisted the company has done “nothing wrong” ahead of a ruling by the Swedish Tax Authority which could see the casino supplier face up to £8.2m in back taxes.
The Swedish Tax Authority yesterday issued a preliminary notice of assessment announcing it is “considering reassessing” the supplier’s taxable income between 2007 and 2010 and imposing additional taxes of SEK 67,492,226 and tax surcharges of SEK 20,595,576, a total of SEK 88,087,802 (£8.2m). The Authority is due to announce its decision at the end of this year.
NetEnt immediately rebuffed the claim yesterday calling the Agency’s opinion “unfounded”, adding that it will appeal if a decision is made “in line with the tax body’s preliminary notice.
Speaking to eGaming Review today, CEO Per Eriksson, said he “knew the audit had been going on for some time” and that if the tax authority decided it was liable for additional taxes that the company would “appeal for sure”.
“We don’t know where this has come from. We follow, pay and have paid all the relevant taxes in this country and all the other countries in which we operate,” Eriksson said.
“We have operations in a number of different countries and have never experienced anything like this.
“We would rather put our energy in the business and not have to waste our time on this,” he added.
“Net Entertainment does not share the Swedish Tax Agency’s opinion and insists that the Company complies with applicable laws for taxation of the Company’s business,” a company statement read yesrterday.
The Agency has said it will announce its decision to be announced before the end of 2012.