This is what we know at present:
Temporary reduction in employer's contributions and self-employed contributions
- For the period 1 March – 30 June 2020
- Reduction for up to 30 employees
- For salaries up to SEK 25,000 per month
Read more about this proposal in our separate article on ”Temporary reductions in employer contributions”.” https://www.mooresweden.se/news/mars-2020-(6)/tillfalligt-sankta-arbetsgivaravgifter
Opportunity for extended appropriation to deferred tax reserve
- Only for sole proprietors and individuals who are partners in Swedish limited partnerships. Does not therefore apply to limited companies or economic associations at present.
- Winnings up to SEK 1,000,000 can be deferred 100 %.
- Applied retroactively for 2019, meaning the tax for 2019 can be reclaimed now by submitting a new preliminary tax return.
Read more about this proposal in our separate article on ”Extended income equalisation funds” https://www.mooresweden.se/news/mars-2020-(6)/utokade-periodiseringsfonder
State loan guarantee
- The banks shall receive state guarantees for loans to businesses
- The lending is done through the banks. The risk assessment is carried out in accordance with the banks' credit assessment processes.
- A maximum of SEK 75 million per company
- Interest-free for the first 12 months, then interest applies
Read more about this proposal in our separate article on ”State loan guarantee” https://www.mooresweden.se/news/mars-2020-(6)/statlig-lanegaranti
Temporary discount on rental costs for vulnerable sectors
- For infrequent purchases, hotels, restaurants and certain other businesses (unclear at present what this covers)
- To speed up the rent renegotiation
- 50 % of rent reduction
- Maximum 50 % of the fixed rent
There is currently very little information about this proposal, but we understand it to mean that the landlord and the state will share the rent reduction 50/50.
Update on short-term permits and deferrals of tax payments
- The employer's family shall be covered by the possibility of furlough
- Even small companies that pay VAT annually should be able to get an extension for paying their VAT.
If you require assistance in accessing any of the government's support packages, please contact your MOORE representative or your local MOORE office.
