The Administrative Court is trying new case concerning tax evasion

The Administrative Court is trying new case concerning tax evasion

 

The Administrative Court is trying additional case under the Swedish Tax Evasion
Act for Fabege. The additional tax assessment amounts to SEK 856m and a tax
demand of SEK 240m. The total tax assessment, including the new case, amounts to
SEK 8 368m, and a total tax demand of SEK 2 378m, including tax penalty. All of
the transactions that the Fabege Group has completed based on a so-called
Holland solution are currently subject to review.

Fabege contests the Swedish Tax Agency’s demand and maintain its previous view
that the sales were accounted for and declared in compliance with applicable
rules. This assessment is shared by external legal experts and tax advisors that
have analysed the sales and the Tax Agency’s reasoning. No provision has been
made in Fabege’s balance sheet. However, until further notice, the amount is
instead being recognised as a contingent liability, as in previous financial
statements.

Fabege AB (publ)

For further information, please contact:
Christian Hermelin, CEO, phone 46 (0)8 555 148 25, 46 (0)73 387 18 25
Åsa Bergström, Deputy CEO and CFO, phone 46 (0)8 555 148 29, 46 (0)70 666 13 80