Download list
Locations / Sites
Contacts
Login
Back to News

Borealis to appeal Finnish tax authority re-assessment

Borealis, a leading provider in the fields of polyolefins, base chemicals and fertilizers, has received a re-assessment decision from the Finnish tax authority for its Finnish subsidiary Borealis Technology Oy regarding the year 2008. The Finnish tax authority requests Borealis to pay an additional total amount of EUR 281.7 million comprising of taxes, late payment interest and penalties.

Borealis believes the re-assessment to be unjustified and will appeal by filing a claim for adjustment with the Board of Adjustment of the Finnish tax authority. Furthermore, Borealis will also ask for a suspension of the payment pending the appeal.

The amount claimed, if in fact due, would not have a material adverse impact on Borealis’ ability to conduct its business operations in the future.

“Borealis is a responsible company and operates according to its high ethical standards” comments Mark Tonkens, Borealis Chief Financial Officer. “Borealis declares and pays taxes in line with applicable tax laws and principles. Clear and consistent taxation practices within the European Union are needed for international companies to ensure competitiveness and future growth.”

END

For further information please contact:

Kerstin Meckler
Director Communications
Tel. +43 (0)1 22 400 389 (Vienna, Austria)
e-mail: kerstin.meckler@borealisgroup.com

Downloads
Borealis to appeal Finnish tax authority re-assessment English, Finnish, German
Media Contact
Virginia Mesicek
Senior Manager a.i., External Communications

Latest News

News – 30/03/2020

Project STOP update: Latest achievements in Muncar, Indonesia

Read more

News – 17/03/2020

Operations during the Coronavirus disease (COVID-19) outbreak

Read more

News – 12/03/2020

OMV signs agreement to increase its shareholding in Borealis to 75%

Read more

News – 12/03/2020

Annual Report 2019 published

Read more

Media Release – 10/03/2020

Borealis producing certified renewable polypropylene at own facilities in Belgium

Read more

Media Release – 05/03/2020

Borealis and Webster Vienna Private University continue their successful scholarship endowment program

Read more

Media Release – 27/02/2020

Borealis delivers strong financial result in softening market environment

Read more

News – 21/02/2020

Pasuruan regency partners with Project STOP and Nestlé to create a sustainable waste management and help reduce ocean plastic pollution

Read more

Media Release – 05/02/2020

Borealis polyolefin innovations enable the transition to a lower carbon energy future

Read more