Swedish government to cut corporate tax to 20.6% from 22%
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[STOCKHOLM] Sweden's centre-left government said on Wednesday it will cut the country's corporate tax to 20.6 per cent in 2021 from 22 per cent today in a bid to improve conditions for business in the Nordic country.
"This will benefit small- and medium-sized businesses, where much of the new jobs will be generated," finance minister Magdalena Andersson told reporters.
The corporate tax will be lowered in two steps, with the first cut to come into effect on Jan 1 next year.
Andersson also said the government will limit interest deductions for companies in order to make it harder for companies to avoid taxation.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
