Nolato (STO:NOLAB) has been given the green light to keep its high-tech status for the 2011-2013 financial years, and will therefore maintain an income tax rate of 15% in China during these years. Reported tax expenses for 2011 are therefore in line with the decision.
During the period 2008-2010, Nolato has held high-tech status in China, which has involved an income tax rate of 15%. This can be compared with the normal tax rate of 25% for companies in China.
At the end of 2010, Nolato applied for an extension of its high-tech status for the period 2011-2013. The application documents have been reviewed by the Chinese tax authority during 2011.
In 2011, Nolato has reported Group tax expenses based on a renewal of its high-tech status, i.e. based on a tax rate of 15% in China.
The Nolato Group is a high-tech developer and manufacturer of polymer product systems for leading customers in medical technology, telecommunications, hygiene, automotive products and other selected industrial sectors. Nolato's shares are quoted on the NASDAQ OMX Nordic Exchange, Stockholm Mid Cap segment, where they are included in the information technology sector. www.nolato.com
Nolato AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 2 pm on 6 December 2011.
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