The Swedish parliament approved the Budget for 2013 on 5 December 2012 together with further tax measures, presented separately by the government. The amendments apply from 1 January 2013.
Key points of the budget are summarized below:
Corporate taxation
Reduction of the corporate income tax rate to 22%, from the current rate of 26.3%. The new rate will be effective from 1 January 2013.
Individual taxation
The budget also includes a tax incentive for investments in small and new start-up companies. A deduction would be available on income from capital equal to 50% of the acquisition cost, with a maximum of SEK 650,000 per individual in a year. However, since the measure requires prior approval by the European Commission, this would take effect at the earliest from September 2013.
