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KPN pays Dutch tax for 2009 in advance
Den Haag, 6-3-09
KPN settled the preliminary Dutch corporate income tax assessment for 2009 by a prepayment of EUR 598 mn to the Dutch tax authorities in Q1 2009. As a result, KPN has benefitted from a EUR 10 mn discount based on the applicable Dutch tax legislation for such a prepayment. KPN has made the prepayment by using its temporary surplus cash position.
In previous years, KPN settled the preliminary Dutch corporate income tax assessment by paying monthly installments. As a consequence of the prepayment in Q1 2009, free cash flow on a quarterly basis will show an increased seasonality pattern in 2009.
