In order to further increase the transparency of its business, Alma Media began to systematically develop its tax footprint reporting in 2017.
The principle underpinning Alma Media’s tax policy is that the Group operates openly and transparently with respect to taxation and pays taxes in the country where the result is generated. In its operations, Alma Media complies with the valid legislation, regulations and international transfer pricing guidelines.
“If necessary, we seek clarification from the tax authorities or tax experts to ensure that we are ethical and transparent when it comes to taxation,” says Alma Media CFO Juha Nuutinen.
The corporate income tax rates in Alma Media’s operating countries vary from 15 per cent in Latvia and Lithuania to 22 per cent in Sweden.
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