HELSINKI: The Tax Administration will have to return €100 million euros to Nokia Tyres as a result of unduly collected tax. The board of the corporate taxation centre has annulled the tax administration’s decision to levy additional taxes to Nokia Tyres for the period of 2007 to 2010. According to the board, the Tax Administration neglected its consultation obligation.
According to the company’s stock exchange release, the tax authorities ignored Russia’s modern and efficient plant and the significance of the entire Russian comprehensive sales and distribution network in the success of the company’s Russian business.
The Tax Administration had decided that a significant proportion of the revenue of the company’s subsidiary in Russian be included in the company’s taxable income in Finland.
