The administrative court has rejected Sanoma’s appeal that concerned the VAT payment decision regarding the tax audits at Sanoma Media Finland Oy for years 2015–2018 received from the Finnish Tax Adjustment Board on 29 April 2021. Based on the payment decision, Sanoma paid approx. EUR 25 million of VAT, penalties and interests in the third quarter of 2021. According to the administrative court’s decision and pursuant to the Tax Assessment Procedure Act, no tax will be refunded to Sanoma. Sanoma will apply for a permission to appeal of the decision to the Supreme Administrative Court.
Source: marketscreener.com
