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Sweden Proposes Domestic Tax Changes in 2013 Budget: International Tax Services Team of Nair & Co. (Sunnyvale, CA) - The Swedish Ministry of Finance has circulated a memorandum seeking consultation on the proposed domestic tax changes in the 2013 budget bill. The proposed measures, once approved, may take effect from January 1, 2014 and will retrospectively apply to the tax years commencing post December 31, 2013. Proposed Domestic Tax Changes: 

The “3.12 rules”, which apply to closely held companies and disallow taxpayers from converting taxed individual incomes into capital gains, will be revised.

Tax liability regulatory framework will be simplified for business premise rentals and an optional excise tax will be allowed replacing the property owner’s invoice which includes VAT. Environmentally-friendly company cars will be offered benefits for 3 years.

For a detailed advice on the issue, contact the International Tax team at info@nair-co.com Subscribe to regular International Tax services alerts from Nair & Co. International Business Guide (IBG) is our online platform for companies wishing to optimize their multinational operations or who would like to have specific business information for doing business in the UK - Click Here. About Nair & Co. Nair & Co. provides you with your one touch outsourced finance, HR, legal and global tax compliance department for your international operations. If you are expanding abroad for the first time or increasing your global footprint, our turnkey solutions help you do so with minimal risk, stress and cost. We support 4000+ client operations in over 56 countries and have core offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP). Learn more at www.nair-co.com Visit Nair & Co. International Business Guide (IBG) at https://ibg.nair-co.com for more country specific information. Get the latest press releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts.


Sweden Proposes Domestic Tax Changes in 2013 Budget