On 13 December 2023, the Swedish parliament (Riksdag) declared the approval of a bill to implement the Minimum Taxation Directive (2022/2523) into Swedish law ensuring a global minimum tax level for large multinational and domestic groups in the European Union. Multinational enterprises and large domestic groups with consolidated revenues exceeding €750 million will face a top-up tax, ensuring an effective tax rate of at least 15%. This measure reduces the tax benefit of profit shifting by imposing a minimum effective tax rate, making low-tax havens less attractive.
Following the completion of all necessary procedures, the bill’s official text will be published in the State Gazette. The official enactment of the bill will occur on 1 January 2024.
