Modelon is denied reduction of employer tax of SEK 4.02 million
Modelon AB (publ) has received a decision from the Swedish Tax Authority regarding employer tax reductions for personnel engaged in research and development during the period January 2022 until March 2024. The Swedish Tax Authority has denied all previously made tax reductions for the period, corresponding to a total amount of SEK 4.02 million, including interest of SEK 0.25 million.
In 2024 there are further tax reductions of SEK 2.22 million made for the period April – December 2024. Modelon will make reservations in the 2024 annual accounts for the total tax cost of SEK 6.24 million, adding the amount as a non-recurring item on Q4 2024 operating expenses.
Modelon are preparing an appeal of the tax authorities’ decision together with legal advisors.