Sweden Proposes Budget 2014

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Budget 2014 was announced by the Swedish government on 9 April 2014. The new budget aims at encouraging education to improve the quality of the workforce

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Sweden Proposes Budget 2014

  1. 1. Sweden Proposes Budget 2014 (Bristol, UK) - Budget 2014 was announced by the Swedish government on 9 April 2014. The new budget aims at encouraging education to improve the quality of the workforce, improve local business conditions and prevent future unemployment problems, reports Nair & Co., a leading provider of international tax consulting services for companies expanding overseas. Further, the government has also proposed steps to finance reforms for the 2015 budget. According to this proposal, the Government plans to increase its revenues by capping tax deduction limits for private pension savings, increasing taxes on beer, wine, spirits and tobacco, and light vehicles and eliminating the option for financial enterprises to trade in goods and services within a VAT category without paying VAT. Being draft provisions, Nair & Co. advises companies operating in Sweden to monitor the progress and consider carrying out a detailed analysis of the final regulations. For more information about doing business overseas or to learn more about our International Expansion Services team please contact us. Subscribe to regular global tax compliance alerts from Nair & Co. Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts. About Nair & Co. Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand
  2. 2. business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com Media Contacts: For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867

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