European igaming group Bet-at-home.com is expecting to make back payments in corporation tax totaling €11.9m.
The sum, which incorporates an assessment period running from 2013 to 2018, is owed as part of an ongoing tax audit with authorities in Austria.
Thec company stated: “Contrary to previous years of practice by the tax authorities, the agreed internal transfer pricing between the bet-at-home.com Entertainment and its subsidiary group companies will not be accepted at the previous level any longer.
“On the basis of the changed intercompany invoicing, as of 2019 additional corporate taxes are expected on the amount of €5.5m to be borne by bet-at-home.com Entertainment. This is expected to be counteracted by reduced tax burdens in Malta, so that the additional burden in the Group should reach only up to €5m.”
