Metso has received a reassessment decision from the Finnish tax authority
Metso Corporation, stock exchange release, December 18, 2017 at 14:25 EEST
Metso has received a reassessment decision from the Finnish tax authority for its Finnish subsidiary Metso Minerals Oy. The reassessment decision is a result of a tax audit carried out in the company concerning tax years 2011-2016.
The Finnish tax authority has requested Metso Minerals Oy to pay additional taxes, late payment interest and penalties in total of EUR 21 million. The decision concerns the transactions between Metso Minerals Oy and its foreign subsidiaries.
Metso considers the Finnish tax authority's decision unfounded and will appeal the decision to Board of Adjustment of the Finnish tax authority. However, Metso Minerals Oy will recognize an income tax liability in the full amount of EUR 21 million in the financial statements and result of year 2017.
Metso is a world leading industrial company serving the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. We help our customers improve their operational efficiency, reduce risks and increase profitability by using our unique knowledge, experienced people and innovative solutions to build new, sustainable ways of growing together.
Our products range from mining and aggregates processing equipment and systems to industrial valves and controls. Our customers are supported by a broad scope of services and a global network of over 80 service centers and about 6,000 services professionals. Metso has an uncompromising attitude towards safety.
Metso is listed on the NASDAQ OMX Helsinki, Finland, and had sales of about EUR 2.6 billion in 2016. Metso employs over 11,000 persons in more than 50 countries. Expect results.
Eeva Sipilä, CFO, Metso Corporation, tel. +358 20 484 3010
Juha Rouhiainen, VP, Investor Relations, Metso Corporation, tel. +358 20 484 3253
NASDAQ OMX Helsinki Ltd