Nolato keeps its high-tech status and current tax rate in China Nolato has been given the green light to keep its high-tech status for the 2011-2013 financial years, and will therefore maintain an income tax rate of 15% in China during these years. Reported tax expenses for 2011 are therefore in line with the decision. During the period 2008-2010, Nolato has held high-tech status in China, which has involved an income tax rate of 15%. This can be compared with the normal tax rate of 25% for companies in China. At the end of 2010, Nolato applied for an extension of its high-tech status for the period 2011-2013. The application documents have been reviewed by the Chinese tax authority during 2011. In 2011, Nolato has reported Group tax expenses based on a renewal of its high-tech status, i.e. based on a tax rate of 15% in China. ----------------- For further information, please contact: Per-Ola Holmström, CFO, +46 431 442293 Nolato AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 2 pm on 6 December 2011.
Nolato keeps its high-tech status and current tax rate in China
| Quelle: Nolato AB