Sweden: Proposed economic, tax relief for businesses (COVID-19)

Tax deferral measures would allow companies to defer certain tax and employer contributions

Tax deferral measures would allow companies to defer certain tax and employer contribution

The government is proposing to reintroduce measures to support and alleviate the economic effects of the coronavirus (COVID-19) pandemic on businesses.

With new infection control measures introduced last week, the government is taking steps to reintroduce certain financial support for companies that have had a turnover loss exceeding 30% compared against a reference price (with the support ranging from 70% to 90% of certain fixed costs), turnover support for sole traders and trading companies, and temporary tax deferrals.

The tax deferral measures would allow companies to defer certain tax and employer contributions for a maximum of nine accounting periods and to defer value added tax (VAT) remittances for three accounting periods, for accounting periods in October-December 2021.

The Swedish tax agency is expected to be in charge of managing and distributing the new economic support measures.

Read a December 2021 report (Swedish) prepared by the KPMG member firm in Sweden

 

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