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7. Subsequent Events
12 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events

On March 10, 2021, the Swiss Federal tax administration conducted a withholding tax audit on Mymetics SA’ financial statements for the years 2015 to 2019. At the end of the tax audit, the tax inspector pointed out that a portion of the intercompany interest expenses related to the subordinated loan from Mymetics Corporation to Mymetics SA could be considered as a hidden dividend distribution and therefore subject to Swiss withholding tax. The tax inspector encouraged the Company to file the relevant Swiss withholding tax Forms in order to benefit from the double tax treaty between Switzerland and USA. The final amount will be agreed as soon as the Swiss Federal tax administration will have received all required documentation. The Company is working with a local tax consultant to prepare the relevant documentation and expects to have the file ready by the end of April 2021. The company estimates the tax amount due at €45. As Mymetics SA’s audited financial statements for the year ended December 31, 2020, have been signed before March 10, 2021 and, in agreement with the Swiss audit firm, the Swiss withholding tax to be paid by Mymetics SA on behalf of Mymetics Corporation will be incurred in the first quarter of the year 2021.