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Follow on Google News | Sweden Reduces Corporate Tax Rate; Announces Tax Deductions for InvestorsThe Swedish government has planned to slash the corporate income rate to 22% from the existing 26.3%.
By: Nair & Co In addition, the government has proposed tax deductions for investors in small companies. The deduction will be based on the amount invested in the country by individual investors. Provisions for tax deductions: · Investors who obtain shares in a small company will be eligible for a deduction up to 50% of cost of acquiring such shares. · This deduction has a maximum limit of SEK 650,000 per individual per annum that is for a maximum investment of SEK 1.3 million. However, there are few other conditions that need to be fulfilled to avail this deduction. This investor-friendly proposal which is expected to take effect from September 1, 2013, will also require clearance from the European Commission. For more information on this topic email media@nair-co.com Get the latest press releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts (http://www.nair- End
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