Sweden Proposes Domestic Tax Changes in 2013 Budget: International Tax Services Team of Nair & Co.

The Swedish Ministry of Finance has circulated a memorandum seeking consultation on the proposed domestic tax changes in the 2013 budget bill.

Online PR News – 03-July-2013 – Sunnyvale, CA – (Sunnyvale, CA) - The proposed measures, once approved, may take effect from January 1, 2014 and will retrospectively apply to the tax years commencing post December 31, 2013.

Proposed Domestic Tax Changes:
* The “3.12 rules”, which apply to closely held companies and disallow taxpayers from converting taxed individual incomes into capital gains, will be revised.
* Tax liability regulatory framework will be simplified for business premise rentals and an optional excise tax will be allowed replacing the property owner’s invoice which includes VAT.
* Environmentally-friendly company cars will be offered benefits for 3 years.

For a detailed advice on the issue, contact the International Tax team at info@nair-co.com
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