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Klovern AB to appeal against decision on tax surcharge.

NORDIC BUSINESS REPORT-23 May 2006-Klovern AB to appeal against decision on tax surcharge(C)1994-2006 M2 COMMUNICATIONS LTD

The Swedish property company Klovern AB said on Tuesday (23 May) that it was appealing against the decision on a tax surcharge.

The Tax Agency has decided to impose a tax surcharge of SEK493m for Klovern's request for reconsideration of the tax assessment for 2003.

The surcharge is being imposed despite Klovern having withdrawn its request for reconsideration in April 2006, the company said.

Klovern is to appeal against the Tax Agency's decision to the County Administrative Court.

Furthermore, Klovern would submit a request for a new reconsideration of the tax assessment for 2003.

One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).

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Title Annotation:Tax Agency, County Administrative Court
Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUSW
Date:May 23, 2006
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