In a decision as of25 August 2021 , the Tax Appeals Board ("Skatteklagenemnda") ruled in favor ofAker BioMarine ASA in a tax case dating from 2008. The case concerns deductions for losses on receivables realized in 2008 betweenAker BioMarine and underlying subsidiaries. The central issue in the case was whether the receivables were owned in business, cf. the Taxation Act § 6-2. The disputed amount wasNOK 293.2 million . The Tax Appeals Board's decision means that profit before tax for the income year 2008 is reduced byNOK 293.2 million . As a consequence,Aker BioMarine will addNOK 293.2 million to its tax losses carried forward as of third quarter 2021. In addition, the company is awarded coverage of its legal fees and expenses.
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