Vend Says Potential Exposure to Norway Tax Notice up to NOK500m

Vend Marketplaces receives a notification from the Norwegian Tax Administration concerning the value added tax treatment of VG+-related digital subscription products in Vend’s former news media operations for the period 2020-2024.

• Vend’s total potential financial exposure for unpaid VAT for the period 2020-2024 is estimated to be as much as NOK500m
• The company is reviewing the notification in detail and will engage with the Norwegian Tax Administration to clarify and resolve the matter
• Read More: Schibsted in Non-Binding Deal to Sell News Media Ops for NOK6.2b

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