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Sweden Updates Guidance on COVID-19 Support Scheme Including Denial of Support for Companies in Non-Cooperative Jurisdictions

21 September 2020

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Approved Changes

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Sweden

The Swedish tax authority has updated its guidance on the support scheme introduced for companies that have suffered a drop in turnover and subsequent losses due to COVID-19. Under the scheme, companies are provided direct grants to cover up to 75% of fixed costs when certain conditions are met, including a decline in turnover of more than 30%. The guidance has been updated with regard to the rule that companies in non- cooperative jurisdictions may not qualify for the support, including non-cooperative jurisdictions as per the EU and OECD. In this respect, the update provides that Anguilla, Guatemala, and Trinidad...