BILIA WINS TAX DISPUTE
From the late 1980s until the liquidation in 2008, Bilia operated in the Netherlands via a Dutch subsidiary. The total losses amounted to EUR 34.7 M. During 2006, the Swedish parent company paid a group contribution of SEK 313.6 M to cover the lossin the Dutch company. The Swedish Tax Agency denied the company tax deduction for the group contribution. The Administrative Court in Gothenburg (Sw. Förvaltningsrätten i Göteborg) held, i.a.with reference to precedents from the Swedish Supreme Adminstrative Court (Sw. Högsta förvaltningsdomstolen) and the European Court of Justice, that Bilia´s subsidiary Sevonia AB is entitled to a deduction for paid group contribution amounting to SEK 313.6 M. The deduction will result in a reduced tax cost for Bilia amounting to a total of SEK 82 M.
The Swedish Tax Agency has the possibility to appeal the judgment to the Administrative Court of Appeal in Gothenburg (Sw. Kammarrätten i Göteborg) on 24 May 2011 at the latest.
Gothenburg, 28 March 2011
Bilia AB (publ)
For further information, please contact Jan Pettersson, Managing Director and CEO, or Gunnar Blomkvist, Chief Financial Officer, Bilia AB, tel. +46 31 709 55 00.
The above information is disclosed in accordance with the Securities Market Act and/or the Financial
Instruments Trading Act. The information was published on 28 March 2011 at 11:50 a.m.
