Global

Details

  • Service: Tax, International Corporate Tax, International Executive Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 9/18/2012

Sweden - Proposal to reduce corporate tax rate to 22% 

September 18:  Sweden’s government has proposed to reduce the corporate income tax rate to 22%, from the current rate of 26.3%, beginning 1 January 2013.

Investor tax relief

Also, the government proposes to introduce a tax deduction for investors that would provide investors with tax relief (to be based on the amount invested).


The proposal would afford individuals who acquire shares in a small company the opportunity to deduct an amount equal to half of the acquisition cost of the shares. The deduction could not exceed SEK 650,000 per person, per year (thus, for a maximum investment of SEK 1.3 million or approximately U.S. $198,000). Other conditions also would need to be satisfied.


The effective date for this proposal would be, at the earliest, 1 September 2013. This proposal also would require approval by the European Commission.


Read a September 2012 report prepared by the KPMG member firm in Sweden: Corporation Tax Cut to 22%




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