New top-up tax for companies in large-scale groups
Published:
The Government has proposed a new top-up tax for companies in large-scale groups. The Riksdag has approved the proposal, but with an amendment concerning accounting standards.
The Government's proposal means that groups with an annual revenue of at least EUR 750 million will pay an effective minimum tax rate of 15 per cent on a specially defined tax base. Public agencies, non-governmental organisations and pension funds will be exempt from this requirement.
The purpose of the amendment is that companies in multinational and national groups should pay a reasonable share of tax regardless of where their activities are based. The proposal is based on an EU directive which will be incorporated into Swedish legislation.
The amendment will come into force on 1 January 2024.