Ikea Industry had to pay back taxes

Furniture maker Ikea Industry, with five plants in Slovakia, signed an agreement with the tax authority FS and paid millions of euros in additional income tax following a successful lawsuit against FS regarding transfer pricing. The company generated a profit only twice between 2015 and 2025, posting a cumulative loss of €213m. It only sells to sister Ikea plants in other countries. The legal dispute pertained to 2010-11, for which FS originally levied a tax surcharge of €3.3m on allegations that Ikea charged affiliated clients excessively low prices. Ikea won in court, however. FS subsequently imposed an additional tax of €1.9m for 2011, and the settlement covers 2012-17. Its details were not disclosed.

(sme.sk)