Edition:
United Kingdom

Atea says reduction in tax rate to result in one-time tax expense of about NOK 21 mln in Q4


Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Atea ASA ::REDUCED CORPORATE TAX RATE ON NORWEGIAN OPERATIONS.‍CHANGE IN TAX RATE WILL REDUCE TAX EXPENSE TO BE INCURRED BY ATEA IN ITS NORWEGIAN SUBSIDIARIES FROM 2018​.‍REDUCTION IN TAX RATE WILL RESULT IN A ONE-TIME TAX EXPENSE OF APPROXIMATELY NOK 21 MILLION FOR ATEA IN Q4 2017​.‍REDUCTION IN TAX RATE WILL REDUCE VALUE OF ATEA'S DEFERRED TAX ASSETS BY APPROXIMATELY NOK 21 MILLION​. 

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