Kereci's Forty Billion Payment Turns Treasury Deficit Into Surplus

RÚV

Factuality

Ownership

The tax imposed on Kerecis due to the sale of intellectual property rights to the Danish company Coloplast will be paid in one lump sum this fall. The authority to divide payments over seven years will not be used. Therefore, the Treasury expects a lump sum payment of 40 billion krónur. Morgunblaðið reports this today and refers to both Kerecis's interim financial statements and an interview with Guðmundur Fertram Sigurjónsson, founder of Kereci…

Vísir

Factuality

Ownership

Icelandic startup Kerecis will pay a 40 billion krónur lump sum to the Icelandic treasury this fall. This is a tax due to the purchase of the subsidiary's intellectual property rights by Coloplast, Kerecis' parent company.