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Swedish Government Presents Budget Bill for 2024

25 September 2023

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Proposed Changes

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Sweden

The Swedish Government presented the Budget Bill for 2024 on 20 September 2023. Without providing specifics, the budget statement notes the following tax measures: Reduced tax on petrol and diesel (excluding agriculture); Extended tax reduction and reduced tax on diesel for agriculture and forestry; Tax reduction for low- and medium-income earners; Tax cut for pensioners; Removal of reduction of employers' social security contributions for employees aged 15 to 18; Abolished tax on plastic carrier bags; Adjusted tax on gambling and tobacco; Increased turnover threshold for VAT to SEK 120,000; and Extension of tax relief provided for foreign experts, researchers, etc....