Decision from Swedish Tax Agency related to tax deductions

MAG Interactive has received from the Swedish Tax Agency the decision to reject research deductions made over the course of two years.

Stockholm, Sweden - 22 December, 2023 - MAG Interactive has today received a decision from the Swedish Tax Agency to reject research the RnD deductions (Forskningsavdrag) made during the period January 2021 to July 2023. The total amount of deductions is 12,534 KSEK and the rejection will have an effect on lower profit and liquidity. 

MAG Interactive is considering appealing against the decision.