OrbitaxSwedish Parliament Approves Legislation to Reduce the Corporate Tax Rate and Introduce New Interest Deduction Restrictions
|Approved Changes|Sweden
On 14 June 2018, Sweden's parliament approved legislation for the introduction of new tax rules for the business sector. This includes:
- A reduction in the corporate tax rate from 22% to 21.4% in 2019 and 2020, and to 20.6% from 2021;
- A new EBITDA-based interest deduction restriction, including:
- A general deduction restriction on negative net interest expense equal to 30% of EBITDA;
- A safe har…
